BRICS economic growth rate is increasing.
“Starting last year, all BRICS countries have demonstrated positive trend in economic growth. Moreover, we expect that the growth rate will be increasing through 2018 and 2019, especially in India,” Yaroslav Lissovolik, Chief Economist, Managing Director for Research, Eurasian Development Bank.
New Development Bank expands the range of activity
“Last year we signed a memorandum establishing New Development Bank,” Sello Mashao Rasethaba, Chairman of the Black Business Council.
“This year we have started working with private sector <…> including loans that are not guaranteed by the government. <…> Economic activity is growing. As for bank loans, generally, there are no problems there <…> and sanctions will not be a challenge to credit financing,” Kundapur Vaman Kamath, President, BRICS New Development Bank.
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