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AIIB LOCAL CURRENCY
Pakistan may turn to China for bailout as deadlock persists over IMF programme: ReportPakistan is considering asking its ally, China, to help revive its struggling economy if the International Monetary Fund (IMF) fails to rev...- India to be first recipient of AIIB local currency fundingAIIB president Jin Liqun had on Friday announced the bank’s intention to roll out local currency financing to provide more options to borro...
- AIIB to launch local currency financing in India, RussiaHe urged countries to work together on domestic reforms, policy coordination, and holistic thinking about country and regional infrastructu...
- Belt and Road without China? Yes, it's possibleChina is heading into a current account deficit and the economy slowing down.
- India, Russia focus on innovative elements in strategic partnershipIndian and Russian dignitaries, at a two-day workshop organised ahead of the annual summit, talked about innovate solutions across sectors ...
- 1997 Asian financial crisis still has five things to teach the worldAsia painfully learned, and adapted well, and what it taught us remains valid today for other countries.
- Integrated Indian market will help attract FDI in South Asia: Asian Development Bank"India has a strong potential, but its markets should be more integrated. The powers of the state governments must be balanced with the cen...
- China-based AIIB no rival, can co-finance infra projects: ADB PresidentChina-headquartered AIIB was formed in 2015 and has 52 members while the Manila-based ADB has 50 years of lending experience and has 67 mem...
- ADB chief seeks to cooperate, not compete, with China-led OBOR, AIIBADB President Takehiko Nakao also said rising protectionism around the world was not yet hurting growth in developing Asia.
- What started off as a startup is now a functioning bank: KV KamathOur focus basically is around the infrastructure space, sustainability being a key and green being a key, said KV Kamath.
- NDB plans $500 mn Masala Bonds, hike lending to India: KV KamathKV Kamath, the first head of the Shanghai-based multilateral lending institution, is here in connection with the second annual meeting of t...
- BRICS bank to issue first yuan-denominated bonds: OfficialThe New Development Bank (NDB) is established with initial subscribed capital of USD 50 billion with total paid-in capital of USD 10 billio...
- First BRICS bank loan to India likely for solar project: KamathKamath, 68, said the bank is also looking for water projects and thereafter road projects to fund. The bank will release the first set of l...
- BRICS Bank to begin funding of projects from April: KamathThe bank was expected to finalise 10 to 15 projects during this financial year, he said. "We will do a full plate of projects in the next 9...
- BRICS bank opens for business in ChinaThe opening -- announced in a short despatch -- comes two weeks after a BRICS summit hosted by Russian President Vladimir Putin.
- BRICS bank to start lending in local currency by April: K V KamathThe New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year
- PM Narendra Modi to visit Russia, Central Asian countries next weekPM Modi will travel from July 6 to 13 to five Central Asian countries as also Russia where he will attend the summits of BRICS and SCO.
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