A joint India- New Development Bank workshop was held in New Delhi. The workshop was organized to enhance the NDB’s engagement with the India’s private and public sector. The NDB is aiming to support the Indian public and private sector for infrastructure development through innovative means such as loans in local currency, guarantees, credit enhancement and equity investments.
The NDB is the first Multilateral Development Bank established by developing countries and emerging economies: Brazil, Russia, India, China and South Africa.
Static/Current Takeaways Important For IBPS RRB PO Mains:
- President of NDB: K V Kamath; Headquarters: Shanghai, China.
Source: The Press Information Bureau