Thu, 17 Aug 2017
President Jacob Zuma will preside over the official launch of the African Regional Centre of the BRICS New Development Bank (NDB). The launch of the regional centre will take place in Sandton, Johannesburg.
“The BRICS [Brazil, Russia, India, China and South Africa] bloc of countries signed the agreement establishing the New Development Bank at the sixth BRICS Summit in July 2014 in Brazil,” said the Presidency on Wednesday.
Meanwhile, the seventh BRICS Summit marked the entry into force of the agreement on the New Development Bank. The NDB headquarters were officially opened in Shanghai, China, in February 2016.
Another key resolution taken at the summ...