New Financing Options for Coal Power Plants through the BRICS ‘New Development Bank’
By Chris Pedersen
The
leaders of Brazil, Russia, India, China and South Africa (known as the
BRICS) recently met to launch a newly-created international fund called
the New Development Bank (NDB). The BRICS represent roughly a fifth of
the world economy and 40 percent of the global population. The NDB will
have an initial capital pool of $50
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