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Since 2020, Brazil receives the largest share of loans at BRICS Bank

RIO DE JANEIRO, BRAZIL - The NDB (New Development Bank) was created in 2016 to foster infrastructure projects in the BRICS countries -Brazil, Russia, India, China, and South Africa.

Since 2020, Brazil has had nine financing projects approved by the Brics Bank, an informal name for the NDB.

The number represents US$4.4 billion in investments, according to a survey by the Poder360 newspaper.

The total number of projects puts Brazil in 1st place among the nine members of the institution - China, Russia, India, South Africa, and, since 2021, Bangladesh, Egypt, United Arab Emirates, and Uruguay. There are still six . . .

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