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Law on ratifying agreement on New Development Bank

March 9, 2015

The President signed Federal Law On Ratifying the Agreement on the New Development Bank.

The Federal Law ratifies the Agreement on the New Development Bank, signed in Fortaleza on July 15, 2014.

The Agreement stipulates the establishment of the New Development Bank by BRICS nations with the aim of financing infrastructure projects and sustainable development projects in BRICS countries and developing nations.

March 9, 2015