BRICS bank commits $100m to India state-backed fund-of-funds
NIIF Fund of Funds, a rupee-denominated fund-of-funds vehicle anchored by the Indian government, has reached the $800 million mark following a $100 million commitment from the country’s New Development Bank (NDB).
NDB – formerly referred to as the BRICS Development Bank – is a multilateral development bank established in 2014 by Brazil, Russia, India, China, and South Africa. It is headquartered in Shanghai...
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