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BRICS Bank Encourages Yuan Funding for Global South Projects

Primul articol: 1 apr. 2026, 06:43 | Ultima actualizare: 1 apr. 2026, 06:43 | 1 sursa | 1 articol

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The New Development Bank (NDB), established by the BRICS nations (Brazil, Russia, India, China, and South Africa), is actively encouraging the use of the Yuan for funding infrastructure and development projects in the Global South. This move is seen as a strategic effort to diversify funding sources and reduce dependence on the US dollar, which has traditionally been the dominant currency in international finance.

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BRICS-Led Development Bank Touts Yuan Funding for Global South Foto: Bloomberg
Bloomberg English 1 apr. 2026, 06:43 (acum 4 ore)

BRICS-Led Development Bank Touts Yuan Funding for Global South

China’s onshore bond market, backed by ample liquidity and a stable currency, is emerging as an attractive funding source for developing economies, according to the BRICS-led New Development Bank.

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