Maria Sharapova removed from Women's Tennis RankingsSport October 24, 11:17
Unmanned Federation spacecraft to be launched from Vostochny spaceport in 2021Science & Space October 24, 10:42
Developer shows first image of Russia's new Sarmat ballistic missileMilitary & Defense October 24, 10:15
Moody's revises outlook on Russia's banking system to ‘stable’Business & Economy October 24, 10:00
Russia and Belarus held joint airborne drills in BrestMilitary & Defense October 24, 8:16
District head: all people on board crashed helicopter in Transbaikal deadSociety & Culture October 24, 8:16
Kremlin ex-chief: Russia is ready to open new page in relations with US after electionsRussian Politics & Diplomacy October 24, 4:10
Russian inspectors to hold observation flight over TurkeyRussian Politics & Diplomacy October 24, 2:30
Steinmeier: Further anti-Russian sanctions may hamper talksWorld October 23, 23:31
SHANGHAI, July 21. /TASS/. Investment projects screening for BRICS New Development Bank (NDB) will start by the end of this year, NBD Vice President from Russia Vladimir Kazbekov told TASS on Tuesday.
"Certainly, each country has its portfolio of projects. I think serious screening will start already by the end of the year," Kazbekov said.
"Neither articulated screening criteria nor a scoring system is available so far," Kazbekov said. "A highly intensive process of preparing all the criteria required for screening and appraisal of projects and assessment of credit risks will start now," he added.
NBD expects to present the five-year development strategy of the bank not later than the end of this year.
The agreement on establishing BRICS New Development Bank was reached on July 15, 2014 in Brazil’s Fortaleza. The bank will have a starting capital of $50 billion and the capital may be later increased to $100 billion. The Shanghai-headquartered bank has been set up to finance infrastructure projects and projects for sustainable development of BRICS and other developing countries.