The New Development Bank (NDB) and the European Bank for Reconstruction and Development (EBRD) have agreed to collaborate and exchange information in recognition of their mutual goal to foster sustainable development and infrastructure in the emerging markets of their respective regions of operations.
A Memorandum of Understanding setting out a strategic framework for cooperation between the two development banks was signed on April 1 during the second Annual Meeting of the NDB in New Delhi, India, by the presidents of the two institutions, K.V Kamath of the NDB and Suma Chakrabarti of the EBRD.
The two parties agree to maintain a continuous working relationship, including consultations on senior level, exchange of information and potentially staff swaps. Read More…
Credit By : India.com
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