BRICs' New Development Bank (NDB).
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Public Group on Development Policy
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15 July 2014
"The New Development Bank(NDB) is intended to compete with the World Bank and its private lending arm, the International Finance Corporation (IFC), by making it easier and quicker for developing countries to gain access to large-scale financing for infrastructure projects."
Article : http://www.dw.de/brics-nations-launch-new-development-bank/a-17779926
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