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Tag: Brazil New Development Bank

Brazil Defaults on BRICS Bank Agreement After Congress Blocks Payment

The Rio Times -
RIO DE JANEIRO, BRAZIL - Brazil's Economy Ministry onTuesday said it had defaulted on its penultimate capital installment to the New Development Bank (NDB) because the payment had not been authorized by Congress. The NBD was established by Brazil, Russia,...
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The Rio Times
The Rio Times is an English language publication dedicated to anyone interested in Brazil and Mercosur. Beyond keeping up with national and local events, The Rio Times will also cover issues of specific interest to foreign nationals here. Our mission is to provide our readers with a broad spectrum of information and improve their understanding of Rio de Janeiro, São Paulo, Brazil, and Mercosur.
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