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    <title>BRICS Development Bank to be set up to Support Infrastructure and Sustainable Development Projects among others</title>
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    <description>The BRICS signatories executed an intergovernmental agreement to establish the New Development Bank to support public and private infrastructure and sustainable development projects through loans, guarantees, equity participation and other financial instruments, to cooperate with international and national entities within its mandate, and to provide technical assistance; establishment is conditional on each signatory depositing an instrument of acceptance, ratification, or approval in accordance with its domestic law.</description>
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