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China is the chair and host of this year’s 14th #BRICS Summit which is held on June 23. I talked to Marcos Troyjo, president of the BRICS lender New Development Bank, about his vision for the multilateral institution. He said emerging economies are taking increasingly bigger slices of the global GDP pie. The NDB, founded in 2015 by BRICS countries, will soon celebrate its 7th anniversary. | Tian Wei at work
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5.7K views · 256 reactions | Strengthening the New Development Bank (NDB) — or the so-called BRICS Development Bank — was one of the highlights of the BRICS summit. Could the NDB, backed by the five emerging world economies: Brazil, Russia, China, India, and South Africa, replace existing financial institutions, such as the IMF, in lending funds to developing nations? | DW Africa | Facebook
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