New Development Bank to open regional office in Moscow

The New Development Bank is to open a Eurasian Regional Centre in Moscow.

The Moscow office is due to be launched within the next two-three months, said NDB President Kundapur Vaman Kamath. The lender may also set up offices in other Russian cities.

The Africa Regional Centre in Johannesburg was the first regional office to be set up by the NDB in August 2017. In July 2018, a deal was signed for establishing the Americas Regional Office in Sao Paulo, Brazil.