NDB To Increase Borrowing and Lending in Local Currencies, Says Rousseff larouchepub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from larouchepub.com Daily Mail and Mail on Sunday newspapers.
The New Development Bank (NDB) issued its first rand bond in South Africa last week and could consider local currency issuance in members Brazil, Russia and United Arab Emirates, Vladimir Kazbekov told a press briefing ahead of the BRICS Summit in Johannesburg on Aug. 22-24.
(Bloomberg) The world’s leading emerging market powers have complained for years about being sidelined by wealthy nations. Now they are mounting their most ambitious challenge yet to the status quo. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadThe BRICS bloc — Brazil, Russ