NDB elects Brazilian economist as new president

NDB elects Brazilian economist as new president

People Loans Project & Infrastructure Finance Brazil Russia India China Africa

The New Development Bank (NDB) said it elected Marcos Troyjo, a deputy economy minister from Brazil, as its new president for the next five years. Troyjo, who also chaired the external financing and national investment committees at Brazil's economy ministry, takes up the position in July, the ministry said in a press release on Wednesday. He replaces Kundapur Vaman Kamath from India, who was the first head of the NDB after it was created by Brazil, Russia, India, China and South Africa in 2014.

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