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The New Development Bank (NDB), established by the BRICS countries, may resume lending to Russian projects in 2027. Funding was suspended in 2022. Now the draft federal budget includes revenues from the bank for 84.4 million dollars. The Ministry of Finance confirms that options have been found to return to financing. It is planned to allocate 53.7 million dollars for the infrastructure of small historic towns. An additional 30.7 million can be allocated to the modernization of the judicial system. The loans offered focus on two areas of long-term investments. The resumption of work with the NDB is important for Russia's access to external sources of project financing. The long hiatus limited the use of the bank's mechanisms, which were created with the participation of Russia itself and other BRICS countries. However, the budget entry so far reflects expected revenues, not transferred funds. The financial mechanisms found have not yet been translated into approved credit projects. ΞKONOMICON.

Экономикон · Source

The New Development Bank (NDB), established by the BRICS countries, may resume lending to Russian projects in 2027. Funding was suspended in 2022. Now the draft federal budget includes revenues from the bank for 84.4 million dollars. The Ministry of Finance confirms that options have been found to return to financing. It is planned to allocate 53.7 million dollars for the infrastructure of small historic towns. An additional 30.7 million can be allocated to the modernization of the judicial system. The loans offered focus on two areas of long-term investments. The resumption of work with the NDB is important for Russia's access to external sources of project financing. The long hiatus limited the use of the bank's mechanisms, which were created with the participation of Russia itself and other BRICS countries. However, the budget entry so far reflects expected revenues, not transferred funds. The financial mechanisms found have not yet been translated into approved credit projects. ΞKONOMICON.

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