News Snapshot:
The BRICS New Development Bank (NDB) on Tuesday approved another 7 billion yuan (about $1.08 billion) of emergency assistance loan to support China's economic recovery from the COVID-19 pandemic. This is the second emergency loan for the same amount approved by the NDB to help China fight the pandemic. The previous 7 billion-yuan loan was endorsed and paid in 2020. The Shanghai-based bank had also fully disbursed $1 billion loan to India under emergency assistance programme last year, to support the government in containing the COVID-19 outbreak and reduce human, social and economic losses. The latest loan to China will...
