Off the wire
• China Voice: New force drives China-Africa cooperation  • Roundup: Colorado judge sets no bond for Planned Parenthood killer, death penalty likely  • China Focus: HIV-positive moms assisted for healthy newborns  • Feature: Colombian city celebrates 20 years of metro system  • Samsung names new smartphone head on struggling business  • 6 children killed in fire at Quran School in SE Turkey  • 1st LD: Chinese president arrives for state visit to Zimbabwe  • Global auto sales by S. Korean carmakers hit 11-month high  • Lebanon receives body of soldier captured, killed by Nusra Front  • (Sports Focus) Kobe's leave ends "most beautiful years" of Chinese fans  
You are here: 　 Home

BRICS bank open to all possible cooperation: vice president

Xinhua, December 1, 2015 Adjust font size:

The New Development Bank (NDB) for BRICS countries upholds the spirit of openness and will consider all possible cooperation, said its vice president Vladimir Kazbekov on Tuesday.

The NDB is an important international institution designed to fund infrastructure projects in Brazil, Russia, India, China, South Africa, and other developing countries, said Kazbekov.

"The NDB will closely cooperate with the World Bank, the Asian Development Bank and other financial institutions," he said at the first BRICS Media Summit, where media leaders gathered to seek cooperation.

Fund-raising is now one of the bank's priorities, he said.

The vice president said in October that the NDB is expected to approve its first loan next April to an energy-efficient project.

Initiated by BRICS members, the NDB opened in Shanghai in July and is scheduled to start operation at the end of this year or early 2016. Endi