"In the coming two, three months we’ll have $3 billion dollars to bring into investment to help tackle the coronavirus and to boost infrastructure,” the country's Economy Minister Paulo Guedes said.
Brazil is expected to receive $621 million from the New Development Bank (NDB)—the financial institution created in 2015 by Brics, comprising Brazil, Russia, India, China, and South Africa.
The New Development Bank (NDB), of the Brics—a bloc comprising Brazil, Russia, India, China, and South Africa—was the topic of a meeting held Tuesday (Nov. 6) in Shanghai, China, between Brazil’s Foreign Minister Aloysio Nunes, and NDB President Kundapur Vaman Kamath.
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