New Development Bank (NDB) : Chinatopix

New Development Bank (NDB)

BRICS Bank Opens in China to Provide Loans for Developing Economies

Jul 21, 2015 12:21 PM EDT

Brazil, Russia, India, China, and South Africa (BRICS) have officially commissioned the New Development Bank (NDB) in Shanghai on Tuesday. The group said that the bank will primarily hand out loans to countries whose economies are still not yet fully developed and are in need of capital.

Leaders Discuss Security and Development at 15th Shanghai Cooperative Organization Summit

Kwao Peppeh |

Jul 11, 2015 10:10 AM EDT

Leaders of Shanghai Cooperative Organization (SCO) member countries on Friday agreed to jointly address challenges to their national security and laid out a framework to deepen their economic, social and political cooperation.