The opening ceremony of the first annual meeting of the Board of Governors of the New BRICS Development Bank held in Shanghai.
Vice-Premier Wu Yi Zhang Gaoli, who delivered a speech at the opening ceremony, said that the government of China will continue to continue to support the New Development Bank.
“China has provided a lot of favorable conditions for the establishment and functioning of the bank. The Chinese Government will continue to support the NBI bank to be able to continue, “- said Zhang Gaoli
.
He expressed confidence that the joint efforts of the Bank will be strengthened and will contribute to the socio-economic development of the BRICS countries.
Wednesday morning and held a meeting of the Board of Directors, on which the Bank has approved financing of the project for the construction of small hydro power plants in the Republic of Karelia in the amount of $ 100 million.
It is expected that during the meeting of managers will discuss the work done over the past year to work and announced plans for the next year. The Russian delegation is headed by Deputy Finance Minister Sergei Storchak.
The new Development Bank was created by the BRICS countries in July 2014. The company’s headquarters is located in Shanghai. Planck the highest possible capital is set at $ 100 billion. The main task of the bank is to finance infrastructure projects in the BRICS countries and developing countries.
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