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© Reuters. 'BRICS bank' says to issue bonds in members' local currencies© Reuters. 'BRICS bank' says to issue bonds in members' local currencies

By Katya Golubkova

ST PETERSBURG (Reuters) - The New Development Bank (NDB), an infrastructure-focused lender established by the BRICS emerging economies, plans to issue debt in the local currencies of its five member countries, the bank's president said.

Known as the BRICS bank, the NDB is seen by its members as an alternative to the World Bank. Its launch last year follows the establishment of the China-led Asian...


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Author:Reuters

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