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First Annual Meeting of the Board of Governors of BRICS New Development Bank held yesterday at Shanghai; Second Annual meeting of New Development Bank to be held in India in 2017 and India will Chair the Board of Governors of NDB next year; India to follow the approach of Reform to Transform through far reaching Structural Reforms and has taken several initiatives to boost investment climate and improve the Ease of Doing Business

News and Press Release - Dated:- 21-7-2016 - The First Annual Meeting of the Board of Governors of the BRICS New Development Bank was held yesterday at Shanghai, China. The New Development Bank (NDB) has completed one year since its establishment in 2015. Since its establishment, the policies of operations have been put in place, projects for all five member countries have been approved and the Bank has completed an issuance of Green Bonds. During the meeting of the Board of Governors of the NDB .....

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ent of People s Republic of China for their wonderful hospitality and excellent arrangements for hosting us on this historic milestone of the New Development Bank. The first Annual Meeting of the NDB is a landmark in the advancement of the vision of the establishment of the Bank. It embodies the considerable progress and achievements of the past one year in setting up and operationalisation of the Bank. During the year, policies have been put in place and approvals have been given for financing .....

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is marked by a modest pickup in some advanced economies from their low levels of growth; decline in growth in emerging market and developing economies; increased financial sector volatility; and, in general, a downward revision of global growth projections by the International Monetary Fund. BREXIT has further heightened uncertainty, market volatility and risk-averse behavior. The structural problems of Emerging Markets and Developing Economies (EMDEs) continue to affect their growth. The sluggi .....

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