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✍️ Chinese President Xi Jinping praised the New Development Bank (NDB) as a new force in the global financial system, emphasizing its role in promoting cooperation among emerging market and developing economies.
👉 The NDB is a multilateral development institution founded and led by emerging market and developing economies.
👉 It has become a new force in the international financial system and a symbol of cooperation among the Global South.
👉 The NDB's goal is to finance infrastructure projects and sustainable development projects in BRICS member states and developing countries.
👉 The bank has approved 98 projects totaling over $33 bln in support of various areas, including transportation, water, clean energy, digital and social infrastructure, and urban construction.
#XiJinping #DilmaRousseff #Shanghai #Fortaleza #world
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The Chinese leader called for strengthening the voice of the Global South in the discussion of reforms of the international financial architecture, protecting the legitimate rights and interests of developing countries and supporting them on the path to modernization
https://tass.com/world/1951023