New Development Bank
The MOIC minister is Egypt’s alternate governor for the NDB, with Finance Minister Mohamed Maait as the main governor
Maait also stressed the role of the private sector as a driving force for emerging economies’ growth, reducing the pressure on their budgets and necessary financing for investments that contribute to comprehensive and sustainable development
China will give 500 million yuan (£59 million) for a BRICS economic and technology cooperation plan, and another $4 million (£3 million) for projects at the BRICS countries’ New Development Bank.
Most Read