Seoul pins hopes on Moscow in resolving tensions on Korean PeninsulaWorld May 26, 9:14
Space technologies offer glimpse at Tsar Ivan the Terrible’s rare portraitSociety & Culture May 26, 8:05
Meteorologists name world’s deadliest cyclones, tornadoes and hailstormsWorld May 26, 7:51
Most Americans view Russia as unfriendly country — surveySociety & Culture May 26, 7:35
Trump yet to determine his stance on anti-Russian sanctionsWorld May 26, 6:29
Russia ensuring rights of workers at FIFA World Cup construction sitesSport May 26, 3:08
Russian emergencies minister arrives in flood-hit southern RussiaWorld May 26, 2:56
NATO to join anti-IS coalition but unlikely to engage in combatWorld May 26, 0:23
Son of LUKOIL corporation co-owner tops list of Russia's richest legateesBusiness & Economy May 26, 0:23
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.