https://www.taxtmi.com/news?id=11086 A proposal to establish a New Development Bank aims to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging and developing economies to supplement existing multilateral and regional financial institutions. Negotiations focus on membership and governance, capital size and structure, institutional arrangements, operational framework and Articles of Association, with an initial capital contribution intended to enable effective infrastructure financing; India is participating in discussions. en-us Sat, 27 Apr 2013 09:06:04 +0530 Sat, 27 Apr 2013 09:06:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11086 A proposal to establish a New Development Bank aims to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging and developing economies to supplement existing multilateral and regional financial institutions. Negotiations focus on membership and governance, capital size and structure, institutional arrangements, operational framework and Articles of Association, with an initial capital contribution intended to enable effective infrastructure financing; India is participating in discussions. News - Sat, 27 Apr 2013 09:06:04 +0530 https://www.taxtmi.com/news?id=11086