The BRICS group (Brazil, Russia, India, China, and South Africa) plans to create a Multilateral Guarantee Fund, supported by the New Development Bank (NDB), in order to mobilize large-scale private investments and reduce financing costs in member countries. This mechanism, modeled after the Multilateral Investment Guarantee Agency (MIGA) of the World Bank, reflects a strategic…...
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BRICS launch a guarantee fund to attract private capital
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