The NDB Board of Directors approved four infrastructure and sustainable development projects in China, India and Russian Federation on Wednesday, with loans aggregating over US$1.4 billion.
"We also noticed that India, when it comes to Pakistan's counter-terrorism, has some concerns".
There the two countries will focus on exploring new areas of cooperation. Modi is also expected to meet the president of Egypt and KV Kamath, the president of the New Development Bank established by the BRICS countries on Monday. From the Xi-Modi meet during the BRICS summit - if they meet - we shouldn't expect anything concrete coming out from this meeting.
The BRICS summit this time is taking place in Xiamen, China on September 3.
GETTY STRIKE FORCE The US has already sent three aircraft carriers to the Korean peninsula this yea
Bilateral meetings including Xi-Putin talks expected late Sunday could touch on other worldwide issues, such as concerns over North Korea. Beijing too an be expected to cut down on rhetoric and allow room for normalisation of ties. "I think, we would be interested in cooperation in other spheres as well", he added.
The Xiamen city, which is geographically close to Taiwan and separated by a narrow strip of Taiwan Straits, has been decked up for the high-profile summit.
Improving ties after the recent face off is work in progress, however, any improvement in the situation would need constant trust building efforts as the memory from Doka La standoff is still raw. "The agenda of the 9th BRICS Summit includes important global issues, such as economics and worldwide economic governance; peace and security; people-to-people exchanges; institutional development and the 2030 Agenda for Sustainable Development", the press office member added.
She also indicated that raising the issue might affect the success of the summit. Xi appeared to be preempting a possible attempt at discussing Pakistan's role in sheltering and abetting terrorists.
"The banks will establish a framework mechanism to extend credit lines in local currencies to the BRICS (Brazil, Russia, India, China, South Africa) ICM members and the BRICS companies against guarantees of the signatory banks", it said. The theme of the 9th BRICS Summit is "Stronger Partnership for a Brighter Future".More news: Cameroon needs four points to qualify for Russian Federation 2018- Hugo Broos
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