The Covid-19 pandemic is bringing “unparalleled challenges,” but the BRICS New Development Bank (NDB) is “rising to the occasion” to tackle the crisis and boost the trade bloc’s economic recovery, said NDB President Marcos Troyjo.
Monday’s annual BRICS Interbank Cooperation Mechanism Financial Forum was hosted by Russia, to which the BRICS presidency passed this year. It was held as a video conference and chaired by Russian bank VEB.RF’s Igor Shuvalov. As well as Troyjo, participants included the president of China Development Bank, Ouyang Weimin; the president of the Brazilian Development Bank, Gustavo Montezano; the chairman of the Development Bank of South Africa, Enoch Godongwana; and the managing director of India’s Export-Import Bank, David Rasquinha.
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