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BRICS is building a bank for the Global South
CGTN World
September 12, 2026
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By 2031, the share of New Development Bank (NDB) projects financed in local currencies "will exceed 45%," Russian Finance Minister and NDB Board of Governors Chair Anton Siluanov said in May. From local-currency loans to AI, the NDB is betting that the future of development lies in the Global South'
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