Brics New Development Bank has in the last three years spent $8 billion on infrastructure development among its five member countries.will need at least U$90 trillion by 2030, to deal with the global sustainable infrastructure. Currently, they are spending between U$2, 5 and U$3 trillion for infrastructure development.Finance Ministers and bankers from the Brics countries have identified sustainable infrastructure development as key to economic growth and poverty reduction.
Since its inception three years ago, the NDB has splurged over U$8 billion on infrastructure development among its five member countries.
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