Sunday, September 13, 2015

BRICS New Development Bank and China's Market Slump

BizNews.com published on 4 September 2015 an interview with Leslie Maasdorp, vice president of the BRICS New Development Bank, titled "Chinese Market Slump Won't Influence BRICS Bank Commitment."  Maasdorp, who is resident at the New Development Bank head office in Shanghai, expressed little concern that China's currency devaluation and market slump would impact negatively the ability of the New Development Bank to meet its commitments.