“During the expanded session we welcomed the completion of the process of creating the New Development Bank and the Pool of Currency Reserves with a total volume in resources at $200 billion. They will begin functioning soon at their full potential. The New Development Bank, in particular, will handle loans for large-scale joint projects in the transportation and energy infrastructures as well as in industrial development.”
The BRICS countries will work out a roadmap for investment cooperation by the end of the year, Vladimir Putin added.
"We plan to develop a long-term list of specific projects, the so-called roadmap of investment cooperation by the end of the year," Putin told journalists after a BRICS summit session.