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BRICS Bank to Approve First Infrastructure Projects in April 2016

09.07.2015 12:03

The head of the BRICS New Development Bank Kundapur Vaman Kamath said on Thursday the bank will approve its first infrastructure projects in April 2016.

"We are looking forward to approving our first projects in April," President designate of the BRICS New Development Bank said.

"We have talked to the BRICS governments to put together projects which we can look at in the next six months, so that we have them ready for approval in April next year," he added, stressing that that all the projects will be on the infrastructure area as the bank's initial idea supposes.