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New Development Bank
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS nations (Brazil, Russia, India, China, and South Africa). According to the agreement, "the bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments" and "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the bank." The initial authorized capital of the bank was 100 billion divided into one million Share (finance), shares having a par value of 100,000 each. The initial subscribed capital of the bank was 50 billion divided into 10 billion in paid-in shares and 40 billion in callable shares. It was equally distributed among the five founding members–Brazil, Russia, India, China, South Africa. The agreement on the NDB specifies that each founding member will have one vote and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Financial Institution
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international organization, international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system. Types Multilateral Development Banks A Multilateral Development Bank (MDB) is a development bank, created by a group of countries, that provides financing, technical assistance and professional advice to enhance international development, development. An MDB has m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moscow
Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents within the city limits, over 19.1 million residents in the urban area, and over 21.5 million residents in Moscow metropolitan area, its metropolitan area. The city covers an area of , while the urban area covers , and the metropolitan area covers over . Moscow is among the world's List of largest cities, largest cities, being the List of European cities by population within city limits, most populous city entirely in Europe, the largest List of urban areas in Europe, urban and List of metropolitan areas in Europe, metropolitan area in Europe, and the largest city by land area on the European continent. First documented in 1147, Moscow became the capital of the Grand Principality of Moscow, which led the unification of the Russian lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renminbi
The renminbi ( ; currency symbol, symbol: Yen and yuan sign, ¥; ISO 4217, ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the China, People's Republic of China. The renminbi is issued by the People's Bank of China, the Central bank, monetary authority of China. It is the world's Template:Most traded currencies, fifth-most-traded currency as of April 2022. The Yuan (currency), yuan () is the basic unit of the renminbi. One yuan is divided into 10 Jiao (currency), jiao (), and the jiao is further subdivided into 10 Fen (currency), fen (). The word ''yuan'' is widely used to refer to the Chinese currency generally, especially in international contexts. Valuation Until 2005, the value of the renminbi was Fixed exchange-rate system, pegged to the United States dollar, US dollar. As China pursued its Chinese economic reform, transition from planned economy, central planning to a market economy and increased its participation in foreign ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NDB Creation Milestones
NDB may refer to: Finance * National development bank, set up by a country's government to improve that country's economy * New Development Bank, a development bank jointly operated by the BRICS nations * NDB Bank, Sri Lankan commercial bank Politics/military * Do not let Belgrade drown (''Ne davimo Beograd''), a political party in Serbia * ''Nachrichtendienst des Bundes'' ("Federal Intelligence Service"), one of the Swiss intelligence agencies ** Federal Intelligence Service (other) * National Defense Battalions (Iraq) (1961–2003), Iraqi Kurdish paramilitary units * Nuclear depth bomb, a naval weapon Technology * NDB Cluster, a database storage engine * Next DB, an alternate Python client library for the Google App Engine datastore * Non-directional beacon, a fixed radio transmitter used as a navigational aid Other * '' Nerima Daikon Brothers'', an anime series * ''Neue Deutsche Biographie'', a German reference work See also * NNDB The Notable Names Dat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Bond
A green bond is a fixed-income financial instrument ( bond) which is used to fund projects that have positive environmental benefits. When referring to climate change mitigation projects they are also known as ''climate bonds''. Green bonds follow the ''Green Bond Principles'' stated by the International Capital Market Association (ICMA), and the proceeds from the issuance of which are to be used for the pre-specified types of projects. The categories of ''eligible green projects'' include for example: Renewable energy, energy efficiency, pollution prevention and control, environmentally sustainable management of living natural resources and land use, terrestrial and aquatic biodiversity, clean transportation, climate change adaptation. Like normal bonds, green bonds can be issued by governments, multi-national banks or corporations and the issuing organization repays the bond and any interest. The main difference is that the funds will be used only for positive climate chang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The President, Development Bank Of BRICS Countries, Shri K
''The'' is a grammatical article in English, denoting nouns that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pronoun ''thee' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign-exchange Reserves
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold and silver held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays mostly the United States dollar and to a lesser extent the euro. Foreign exchange reserves assets can comprise banknotes, bank deposits, and government securities of the reserve currency, such as bonds and treasury bills. Some countries hold a part of their reserves in gold, and special drawing rights are also considered reserve assets. Often, for convenience, the cash or securities are retained by the central bank of the reserve or other currency and the "holdings" of the foreign country are tagged or otherwise identified as belonging to the other country without them act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortaleza
Fortaleza ( ; ; ) is the state capital of Ceará, located in Northeast Region, Brazil, Northeastern Brazil. It is Brazil's 4th largest city—Fortaleza surpassed Salvador, Bahia, Salvador in 2022 census with a population of slightly over 2.4 million—and 12th among cities with the highest gross domestic product. It forms the core of the Fortaleza metropolitan area, which is home to almost 4 million people. Fortaleza is an important industrial and commercial center of Northeast Brazil. According to the Ministry of Tourism (Brazil), Ministry of Tourism, it is the fourth most visited city and tourist destination in the country. The BR-116, the most important highway in the country, starts in Fortaleza. The municipality is part of the Mercosur common market, and vital trade port which is closest to mainland Europe, being from Lisbon, Portugal. To the north of the city lies the Atlantic Ocean; to the south are the Municipalities of Brazil, municipalities of Pacatuba, Ceará, Pacat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
6th BRICS Summit
The 6th BRICS summit was the sixth annual diplomatic meeting of the BRICS, a grouping of major emerging economies that includes Brazil, Russia, India, China and South Africa. It was hosted by Brazil, as the first host country of the current five-year summit cycle; the host city was Fortaleza. Though Brazil had previously hosted a four-member BRIC summit in April 2010, 2014 marked its first full BRICS summit; the 2010 summit in Brasília did not officially include South Africa, who were only invited as guests as a prelude to their gaining full membership in December 2010. Argentine President Cristina Kirchner was a special guest of the summit, and the BRICS leaders met with their UNASUR counterparts shortly after. The 6th BRICS summit resulted in the official inauguration of the New Development Bank, a multilateral development bank intended as an alternative to the World Bank and International Monetary Fund. Background Following the 2013 BRICS summit in Durban, South Africa, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Durban
Durban ( ; , from meaning "bay, lagoon") is the third-most populous city in South Africa, after Johannesburg and Cape Town, and the largest city in the Provinces of South Africa, province of KwaZulu-Natal. Situated on the east coast of South Africa, on the Natal Bay of the Indian Ocean, Durban is the Port of Durban, busiest port city in sub-Saharan Africa and was formerly named Port Natal. North of the harbour and city centre lies the mouth of the Umgeni River; the flat city centre rises to the hills of the Berea, Durban, Berea on the west; and to the south, running along the coast, is the Bluff, KwaZulu-Natal, Bluff. Durban is the seat of the larger eThekwini Metropolitan Municipality, which spans an area of and had a population of 4.2million in 2022 South African census, 2022, making the metropolitan population one of Africa's largest on the Indian Ocean. Within the city limits, Durban's population was 595,061 in 2011 South African census, 2011. The city has a humid subtr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
5th BRICS Summit
The 2013 BRICS summit was the fifth annual BRICS summit, an international relations conference attended by the head of states or heads of government of the five member states Brazil, Russia, India, China and South Africa. The summit was held in Durban, South Africa in 2013. This completed the first round of BRICS summits. Background A declaration at the end of 2012 BRICS summit read that: "Brazil, Russia, India and China thank South Africa for the proposal to host the 5th summit in 2013. They intend to provide multifaceted support for it." The BRICS leaders are expected to discuss the establishment of a new development bank. According to Mikhail Margelov they will seek agreement on the amount of starting capital. Participants China's Xi Jinping made this the first summit of his presidency. The heads of state/heads of government of the five countries that participated in the summit were: Gallery of participating leaders Members: File:Dilma Rousseff - foto oficial 2011-01- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
