🚀 BRICS Bank Highlights Cost-Effectiveness of Chinese Bond Market for Yuan Loans
#BRICS #NewDevelopmentBank #ChineseBondMarket #YuanLoans #CostEffectiveness #DevelopingCountries #InfrastructureLoans #CurrencyDiversification
Zhongxia Jin from the BRICS-led New Development Bank emphasized the Chinese bond market as a highly cost-effective funding source globally. According to NS3.AI, this market supports yuan-denominated loans aimed at assisting developing countries. Since 2022, the bank has transitioned from U.S. dollar lending to the yuan and also utilizes the Indian rupee, Russian ruble, and South African rand for infrastructure loan disbursement.#BRICS #NewDevelopmentBank #ChineseBondMarket #YuanLoans #CostEffectiveness #DevelopingCountries #InfrastructureLoans #CurrencyDiversification