BRICS bank can support youth projects – Kommersant

Youth projects can be supported from the New Development Bank, said the chairman of the Public Chamber of Russia on the development of public diplomacy and the support of compatriots abroad Elena Sutormina. According to her, the first youth forum of the BRICS and the SCO in Ufa will discuss the creation of the Bank of ideas, which provides for the accumulation of innovative projects. “They will be examined by experts, and perhaps, in the future, when the New Development Bank will receive a new promotion, these projects will be supported”, – quotes Tass Ms. Sutormin.

Development Bank BRICS is headquartered in Shanghai, has started its work on July 21 in Shanghai.

Recall that the first meeting of the Board of Governors of the CBB,

established BRICS countries in July 2014, was held in Ufa. The first president of the bank has become the representative of India. The amount of paid-up capital of $ 10 billion, the highest possible capital is set at $ 100 billion. The main objective of the bank is to finance infrastructure projects in BRICS countries and emerging as a competitor to the IMF stranah.Takzhe create a pool of foreign exchange reserves.

to create a new BRICS Development Bank, see the article” Kommersant-Vlast “” Bank assistance ».