国内英语资讯:China Exclusive: Xiamen summit to help build stronger BRICS ties: NDB president
<p><span word="SHANGHAI">SHANGHAI</span>, <span word="Aug">Aug</span>. 10-- <span word="The">The</span> <span word="upcoming">upcoming</span> <span word="BRICS">BRICS</span> <span word="summit">summit</span> <span word="in">in</span> <span word="Xiamen">Xiamen</span> <span word="will">will</span> <span word="help">help</span> <span word="the">the</span> <span word="five">five</span> <span word="member">member</span> <span word="countries">countries</span> <span word="build">build</span> <span word="a">a</span> <span word="stronger">stronger</span> <span word="economic">economic</span> <span word="partnership">partnership</span> <span word="and">and</span> <span word="a">a</span> <span word="brighter">brighter</span> <span word="future">future</span>, <span word="said">said</span> <span word="BRICS">BRICS</span> <span word="New">New</span> <span word="Development">Development</span> <span word="Bank">Bank</span> (<span word="NDB">NDB</span>) <span word="President">President</span> <span word="K">K</span>.<span word="V">V</span>. <span word="Kamath">Kamath</span>.</p><p><span word="It">It</span> <span word="has">has</span> <span word="been">been</span> <span word="over">over</span> <span word="a">a</span> <span word="decade">decade</span> <span word="since">since</span> <span word="Brazil">Brazil</span>, <span word="Russia">Russia</span>, <span word="India">India</span>, <span word="China">China</span> <span word="and">and</span> <span word="South">South</span> <span word="Africa">Africa</span> <span word="came">came</span> <span word="together">together</span> <span word="to">to</span> <span word="form">form</span> <span word="BRICS">BRICS</span>. <span word="The">The</span> <span word="NDB">NDB</span> <span word="itself">itself</span> <span word="is">is</span> <span word="an">an</span> "<span word="outcome">outcome</span> <span word="of">of</span> <span word="the">the</span> <span word="economic">economic</span> <span word="togetherness">togetherness</span>" <span word="of">of</span> <span word="the">the</span> <span word="emerging">emerging</span> <span word="economies">economies</span> <span word="group">group</span>, <span word="Kamath">Kamath</span> <span word="said">said</span> <span word="during">during</span> <span word="an">an</span> <span word="exclusive">exclusive</span> <span word="interview">interview</span> <span word="with">with</span> <span word="Xinhua">Xinhua</span> <span word="on">on</span> <span word="Wednesday">Wednesday</span>.</p><p><span word="At">At</span> <span word="the">the</span> <span word="ninth">ninth</span> <span word="BRICS">BRICS</span> <span word="summit">summit</span> <span word="to">to</span> <span word="be">be</span> <span word="held">held</span> <span word="in">in</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="city">city</span> <span word="of">of</span> <span word="Xiamen">Xiamen</span> <span word="in">in</span> <span word="early">early</span> <span word="September">September</span>, <span word="Kamath">Kamath</span> <span word="will">will</span> <span word="present">present</span> <span word="the">the</span> <span word="bank">bank</span>'<span word="s">s</span> <span word="progress">progress</span> <span word="over">over</span> <span word="the">the</span> <span word="last">last</span> <span word="two">two</span> <span word="years">years</span> <span word="as">as</span> <span word="well">well</span> <span word="as">as</span> <span word="the">the</span> <span word="direction">direction</span> <span word="it">it</span> <span word="is">is</span> <span word="heading">heading</span> <span word="in">in</span> <span word="the">the</span> <span word="coming">coming</span> <span word="two">two</span> <span word="to">to</span> <span word="three">three</span> <span word="years">years</span>.</p><p><span word="Founded">Founded</span> <span word="by">by</span> <span word="BRICS">BRICS</span> <span word="member">member</span> <span word="states">states</span> <span word="in">in</span> 2017, <span word="the">the</span> <span word="NDB">NDB</span> <span word="opened">opened</span> <span word="in">in</span> <span word="Shanghai">Shanghai</span> <span word="in">in</span> <span word="July">July</span> 2017 <span word="and">and</span> <span word="became">became</span> <span word="fully">fully</span> <span word="operational">operational</span> <span word="in">in</span> <span word="early">early</span> 2016.</p><p><span word="The">The</span> <span word="first">first</span> <span word="NDB">NDB</span>-<span word="funded">funded</span> <span word="loan">loan</span>, <span word="a">a</span> <span word="solar">solar</span> <span word="power">power</span> <span word="project">project</span> <span word="in">in</span> <span word="Shanghai">Shanghai</span>, <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="start">start</span> <span word="operation">operation</span> <span word="in">in</span> <span word="August">August</span>.</p><p><span word="The">The</span> <span word="bank">bank</span> <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="approve">approve</span> <span word="five">five</span> <span word="new">new</span> <span word="projects">projects</span> <span word="with">with</span> <span word="a">a</span> <span word="total">total</span> <span word="value">value</span> <span word="of">of</span> 1.5 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span> <span word="in">in</span> <span word="September">September</span>, <span word="with">with</span> <span word="two">two</span> <span word="of">of</span> <span word="them">them</span> <span word="in">in</span> <span word="China">China</span>, <span word="said">said</span> <span word="Kamath">Kamath</span>.</p><p><span word="Altogether">Altogether</span>, <span word="the">the</span> <span word="bank">bank</span> <span word="has">has</span> 23 <span word="projects">projects</span> <span word="at">at</span> <span word="various">various</span> <span word="stages">stages</span> <span word="of">of</span> <span word="preparation">preparation</span> <span word="for">for</span> 2017-2018, <span word="with">with</span> <span word="a">a</span> <span word="total">total</span> <span word="lending">lending</span> <span word="amount">amount</span> <span word="of">of</span> 6 <span word="billion">billion</span> <span word="dollars">dollars</span>. <span word="The">The</span> <span word="bank">bank</span> <span word="granted">granted</span> <span word="loans">loans</span> <span word="to">to</span> <span word="seven">seven</span> <span word="projects">projects</span> <span word="in">in</span> 2016.</p><p><span word="According">According</span> <span word="to">to</span> <span word="its">its</span> <span word="general">general</span> <span word="strategy">strategy</span> <span word="for">for</span> 2017-2021, <span word="the">the</span> <span word="bank">bank</span> <span word="will">will</span> <span word="put">put</span> <span word="about">about</span> <span word="two">two</span>-<span word="thirds">thirds</span> <span word="of">of</span> <span word="its">its</span> <span word="loans">loans</span> <span word="into">into</span> <span word="sustainable">sustainable</span> <span word="infrastructure">infrastructure</span> <span word="development">development</span>.</p>
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