BRICS foreign ministers pledge to build up New Devt Bank

MOSCOW: The foreign ministers of Brazil, Russia, India, China, and South Africa — BRICS — said that building up the New Development Bank is one of their priorities, Anadolu Agency (AA) reported.
 
In a statement on its official website, the Russian Foreign Ministry said that following the two-day meeting in Cape Town, the ministers agreed to ensure the sustainability of the operational activities of the bank, established by BRICS countries in 2015, to finance infrastructure and sustainable development projects in developing and member countries.
 
On the second day (June 2), an expanded meeting was also held with the participation of the foreign ministries of 12 developing countries — the “friends of BRICS” — Argentina, Bangladesh, Gabon, the Democratic Republic of the Congo, Egypt, Indonesia, Iran, Kazakhstan, the Comoros, Cuba, the United Arab Emirates, and Saudi Arabia.
 
Also, Russian Foreign Minister Sergey Lavrov held bilateral meetings with his Iranian, Brazilian, UAE, and Saudi counterparts to promote mutually beneficial trade and economic cooperation. – BERNAMA-ANADOLU