The Board of Directors of the New Development Bank (NDB) announced that it has approved a COVID-19 Emergency Program Loan of USD 1 billion to the Government of the Federative Republic of Brazil. The resources provided by the NDB will help Brazil safeguard the income of about 5 million people in vulnerable situations, including informal,…
New Development Bank (NDB), a multilateral development bank set up by the BRICS nations – Brazil, Russia, India, China and South Africa, announced that it has appointed Marcos Prado Troyjo as the President of the NDB, effective from July 7, 2020. Prior to his appointment as President of the NDB, Marcos Troyjo pursued a multi-layered…
Trade between India and Brazil is expected to grow to $15 billion by 2022. Brazil has been India’s one of the most important trading partners in the entire LAC (Latin America and Caribbean) region. During the recent visit of Brazil’s President, Jair Bolsonaro, 15 MoUs have been signed between the two. The MoUs of cooperation…