BOAO, China: The New Development Bank (NDB), set up by the BRICS group of emerging economies, aims to make about US$5 billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday (Mar 26).
“During the epidemic, our business has been somewhat affected, and now everything is going back on track,” Zhou told Reuters on the sidelines of the annual Boao Forum.
Zhou did not elaborate on how the bank may have been off track, but said China and India have received slightly more investment from the bank than other members.
