The BRICS Bank is planning to publish a development strategy in 2-3 weeks

© Fotolia / Björn WylezichНациональный currencies of the countries-participants of the BRICS. Archival photoThe BRICS Bank is planning to publish a development strategy in 2-3 weeks© Fotolia / Björn Wylezich

The final version of the strategy for development in the next five years of the New BRICS development Bank plan to publish over the next two to three weeks, told RIA Novosti Vice-President of the Bank, Paolo Batista.

In early April, the Board of governors of the NBR in the second annual meeting in new Delhi approved «in principle» the development strategy for the next five years. The Bank’s President reported that the final version of the plan to coordinate and publish on the Bank’s website by June 1.

«We expect that the strategy will be published probably within the next 2-3 weeks. We’re a little late because we had several rounds of discussions,» — said Batista, who is taking part in the Forum of political parties, research centers and civil society organizations of the BRICS.

The new development Bank with headquarters in Shanghai was established by the BRICS countries in July 2014 to Finance projects in infrastructure and sustainable development in its member States and other developing countries. In April 2016 the Board of Directors of NBI has approved seven projects involving grant funding of more than $ 1.5 billion dollars. This year the Bank expects to approve about 15 projects worth 2.5-3 billion dollars.The BRICS Bank is planning to publish a development strategy in 2-3 weeks© RIA Novosti, Integratiebeleid in photobacteria BRICS: facts and figures

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