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The New Development Bank is planning to give a priority to projects aimed at developing renewable energy sources. As it was stated by the bank, it wants to cooperate with other institutions in accelerating ‘green’ financing expansion and promoting environment protection .
BRICS New Development Bank: Established by the BRICS countries (Brazil, Russia, India, China, and South Africa), this bank aims to support public or private projects through loans, guarantees, equity participation, and other financial instruments.
India: Industrial Development Bank of India (IDBI), Industrial Finance Corporation of India (IFCI), Small Industries Development Bank of India (SIDBI), National Bank for Agriculture and Rural Development (NABARD), Export-Import Bank of India (EXIM), National Housing Bank (NHB), National Bank for Financing Infrastructure and Development (NaBFID)
The World Bank Group is the globe’s most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
In 2013, China proposed the Belt and Road Initiative, a transcontinental development project that includes 1/3 of world trade and GDP and over 60% of the world's population. According to World Bank, the string of infrastructure investment could "lift 32 million people out of moderate poverty conditions if implemented fully".
The World Bank Group is the globe’s most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
In 2016, the Asian Infrastructure Investment Bank and BRICs New Development Bank began operations. [18] Like other multilateral development banks, (MDBs), the IBRD has a preferred credit treatment (PCT), through which borrowers grant the MDBs a "privileged position to be first in line for repayment, should a country face financial restrictions."
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.