Brazil Daily

Brazil to open new branch of BRICS Bank

New BRICS Bank branch to open up shop in Brazil. The underwhelming launch of 5G networks. And Brazil’s new coronavirus milestone.

Brazil HQ of BRICS Bank gets go-ahead 

The Senate approved the creation of a Brazilian branch of the Shanghai-based New Development Bank — NDB, commonly known as the BRICS Bank — in São Paulo. The new office will serve as the bank’s headquarters in the Americas. The bank will also have a representation bureau in capital city Brasília.

Context. Created in 2014 during the 6th BRICS Summit, the NDB project aims at diminishing the infrastructure gap in emerging markets...

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