BRICS Bank board of directors meet in Shanghai
Chinese Vice Premier Zhang Gaoli (C) poses for a group photo with the heads of foreign delegations before the opening ceremony of the First Annual Meeting of New Development Bank in Shanghai, east China, July 20, 2016 [Xinhua]Infrastructure financing needs of the five BRICS countries was discussed at the annual meet of the New Development Bank’s board of directors in Shanghai on Wednesday.
The NDB was launched by the BRICS nations last year and is seen by its members as an alternative to the World Bank.