Tag: New Development Bank
Lula Calls for New Financing Model to Tackle Sustainable Development and Climate Crisis
‘If we don’t discuss a new way to finance developing countries, they will stay poor for more than 100 years,’ he said. On Friday, Brazilian President Lula da Silva urged the creation of a new financing model to address sustainable development challenges and the global climate crisis. RELATED: BRICS Journalists Association Condemns Detention of Sputnik […]
July 4, 2025
Colombia Joins BRICS’ New Development Bank
This membership opens new financing opportunities for strategic projects, the Colombian presidency stated. On Thursday, Colombian Foreign Minister Laura Sarabia announced that her country has been admitted into the New Development Bank (NDB), the financial institution established by the BRICS group of emerging economies led by Brazil, Russia, India, China and South Africa. RELATED: Colombian […]