News
30 May 2018

New Development Bank appoints Nhlanhla Nene as chairman

Region:
Middle East & Africa, Americas, Asia-Pacific, Europe

South African finance minister Nhlanhla Nene has been elected as the Chairman of the Board of Governors at the New Development Bank, established by Brazil, Russia, India, China and South Africa. The board also approved six projects from all five member countries with loans aggregating $1.6 billion.

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