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Address by New Development Bank President, Marcos Troyjo, to the Leaders of Brazil, Russia, India, China and South Africa during the 14th BRICS Summit - June 23, 2022

· Marcos Troyjo, President of the New Development Bank (BRICS) (International)

Summary written by Dark Majestic in its own words · topics: development and emerging economies

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· Marcos Troyjo Wiki · New Development Bank (BRICS) WikiAddress by New Development Bank President, Marcos Troyjo, to the Leaders of Brazil, Russia, India, China and South Africa during the 14th BRICS Summit - June 23, 2022

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.

Problems raised
  1. Emerging economies need infrastructure finance.
  2. Currency risk burdens borrowers.
  3. Private sector involvement is low.
Solutions proposed
  1. Increase financing in local currencies.
  2. Expand private sector partnerships.
  3. Shape the future of multilateral finance.
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