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Will Asia Bank on China?


Wang Zhao/AFP/Getty Images
A Chinese cleaner walks on the roof of the walkway of a shopping mall in Beijing on December 18, 2013. China is moving to establish a regional development bank for Asia.
Will Asia Bank on China?
A ChinaFile Conversation
October 14, 2014
The ChinaFile Conversation is a weekly, real-time discussion of China news, from a group of the world’s leading China experts. ....

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China borrows from BRICS Bank; Bangladesh to drop China from 5 projects


China borrows from BRICS Bank; Bangladesh to drop China from 5 projects
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Synopsis
The BRICS New Development Bank (NDB) has announced that it approved 7 billion yuan (about 1.08 billion U.S. dollars) of emergency assistance program loans to support China s economic recovery from COVID-19.
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The loan is the second emergency loan approved by the NDB to help China fight the epidemic
Chinese economy which reportedly grew at a healthy rate last year despite Covid is facing headwinds. It has borrowed from the BRICS Bank and Bangladesh has decided to drop projects that China was earlier earmarked to support via loans. ....

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Bangladesh to benefit from BRICS Bank as it needs more funds for development goals


 
Masum Billah, Staff Correspondent, 
bdnews24.com
Published: 24 Dec 2020 09:50 AM BdST
Updated: 25 Dec 2020 01:43 AM BdST
Bangladesh had shown interest in joining the New Development Bank, or BRICS Bank, when it was coming into being in 2014 only for it to lean towards the China-sponsored Asian Infrastructure Investment Bank for funds.
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Abul Maal Abdul Muhith, then the finance minister, had told bdnews24.com that the government had not been thinking much about BRICS Bank due to its sluggishness at the time and would consider joining it once it picked up speed.
Six years on, Bangladesh has agreed to be a part of the BRICS Bank initiative at a time when the bank has amassed $100 billion with an initial capital of $50 billion. ....

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