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Казбеков Владимир

Vladimir Kazbekov

Vice President, New Development Bank
Quotes
06.06.2019
SPIEF 2019
Innovation in BRICS Countries: Main Directions and Prospects for Cooperation
To date, [the New Development Bank] has approved projects totalling USD 9.2 billion in value. The number of confirmed projects depends on the growth of capital. All countries are very careful to fulfil their obligations. Russia and China are moving slightly ahead. In terms of authorized capital, the portfolio is growing too. By the end of the year, we expect that the overall portfolio will be worth USD 16 billion. The total volume of loans approved for Russia is USD 1.5 billion