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3232Iran Warns BRICS of ‘Big Threat’ From Western Payment Systems, Vows to End Dependence
https://www.digit.info/iran-warns-brics-of-big-threat-from-western-payment-systems-vows-to-end-dependence/
Thu, 24 Oct 2024 07:30:29 +0000https://www.digit.info/iran-warns-brics-of-big-threat-from-western-payment-systems-vows-to-end-dependence/Read more]]>Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank to support new members. He reaffirmed Iran’s commitment to reshaping […]
]]>BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor
https://www.digit.info/brics-bank-offers-zimbabwe-escape-from-imf-debt-traps-says-professor/
Thu, 17 Oct 2024 03:46:23 +0000https://www.digit.info/brics-bank-offers-zimbabwe-escape-from-imf-debt-traps-says-professor/Read more]]>A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the introduction of Zimbabwe Gold (ZiG), a currency backed by mineral wealth, […]
]]>Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals
https://www.digit.info/brazilian-president-lula-to-act-as-brics-liaison-to-help-argentina-discusses-credit-line-in-brazilian-reals/
Fri, 05 May 2023 06:04:55 +0000https://www.digit.info/2023/05/05/brazilian-president-lula-to-act-as-brics-liaison-to-help-argentina-discusses-credit-line-in-brazilian-reals/Read more]]>Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules to aid Argentina. Also, the two countries are negotiating the establishment of a credit […]
]]>BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
https://www.digit.info/brics-bank-re-taps-into-usd-bond-market-with-1-25-billion-green-bonds/
Sat, 22 Apr 2023 10:19:59 +0000https://www.digit.info/2023/04/22/brics-bank-re-taps-into-usd-bond-market-with-1-25-billion-green-bonds/Read more]]>The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year ‘Green’ Bonds The New Development Bank (NDB), founded by the BRICS […]
]]>Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
https://www.digit.info/brazils-president-lula-urges-developing-countries-to-abandon-dollar-as-global-reserve-currency/
Thu, 13 Apr 2023 17:30:05 +0000https://www.digit.info/2023/04/13/brazils-president-lula-urges-developing-countries-to-abandon-dollar-as-global-reserve-currency/Read more]]>According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the […]
]]>Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank
https://www.digit.info/report-egyptian-lawmakers-hail-parliaments-endorsement-of-pact-to-join-brics-bank/
Fri, 03 Feb 2023 09:30:58 +0000https://www.digit.info/2023/02/03/report-egyptian-lawmakers-hail-parliaments-endorsement-of-pact-to-join-brics-bank/Read more]]>Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Joining BRICS Following the […]
Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank to support new members. He reaffirmed Iran’s commitment to reshaping […]
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A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the introduction of Zimbabwe Gold (ZiG), a currency backed by mineral wealth, […]
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Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules to aid Argentina. Also, the two countries are negotiating the establishment of a credit […]
The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year ‘Green’ Bonds The New Development Bank (NDB), founded by the BRICS […]
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the […]
Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Joining BRICS Following the […]