BRICS bank helps boost financing in developing countries: scholars

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BRICS bank helps boost financing in developing countries: scholars

STORY: BRICS bank helps boost financing in developing countries: scholars DATELINE: Aug. 23, 2023 LENGTH: 00:01:53 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the New Development Bank 2. SOUNDBITE 1 (English): GWEN RAMOKGOPA, ANC Treasure General 3. SOUNDBITE 2 (English): CAVINCE ADHERE, Kenya-based international relations scholar 4. SOUNDBITE 3 (Spanish): EDUARDO REGALADO, Researcher at the International Policy Research Center of Cuba STORYLINE: International scholars say that over the past eight years since its establishment, the Shanghai-based New Development Bank (NDB) has helped boost financing in developing countries. The NDB is the first global multilateral financial institution initiated wholly by developing countries. Observers say that over the years, the NDB has made positive progress in institutional development, and gradually increased its project portfolio. SOUNDBITE 1 (English): GWEN RAMOKGOPA, ANC Treasurer-General "BRICS bank has been able to fund infrastructure projects

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