ContextAddress to BRICS leaders at their 14th summit, hosted virtually by China; the New Development Bank funds infrastructure in emerging economies and reports to its founding governments.
Why it mattersTroyjo proposes more local-currency lending to BRICS leaders.
- Emerging economies need infrastructure finance.
- Currency risk burdens borrowers.
- Private sector involvement is low.
- Increase financing in local currencies.
- Expand private sector partnerships.
- Shape the future of multilateral finance.
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