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South African government issues $5bn in bondsInvestor demand for the bonds came from Europe, North America, Asia, South America, Middle East, and Africa. |
September 26, 2019Comments Off on South African government issues $5bn in bondsRead More |
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The NDB plans to almost double its loans to $16 billion this year and increase its impact.
September 17, 2019Comments Off on BRICS Bank approves $1.4 billion in new loansRead More
To this end, notable outcomes such as action plans tackling the crisis of gender-based violence were created.
September 9, 2019Comments Off on WEF’s central message on Africa is ‘Implementation’Read More
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57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.