金砖国家新开发银行上海开业

 　　The opening comes after a BRICS summit held in the Russian city of Ufa earlier this month, where leaders from Brazil, Russia, India, China and South Africa talked about some final details of the multilateral lender.

　　Chinese Finance Minister Lou Jiwei says the bank will gradually open up to include more developing nations and supplement the existing international financial system.

　　"As a multilateral development bank initiated¹ and established by the emerging markets, the NDB will focus more on the needs of developing countries, respect their national conditions and better represent developing countries' ideas."

　　The BRICS Bank headquartered in Shanghai has a capital base of 50 billion US dollars and the number is expected to be doubled in the coming years.

　　The money will be mainly used to cope with increasing demand of new infrastructure² in developing countries and emerging economies, which sometimes have difficulties securing financing from other international lenders that are controlled by the world's developed economies.

　　金砖国家新开发银行上海开业

　　The NDB will also work closely with the Beijing based Asian Infrastructure Investment Bank, which has a similar mandate³.

　　The bank's new president K.V. Kamath, a former executive with one of the largest private banks in India, says the BRICS bank has decided⁴ to set up a "hotline" with the AIIB to strengthen cooperation between the two lenders.

　　"We have decided to set up a hotline between ourselves so that we can talk to each other to make sure that we have a common mind and a common approach because we believe that new institutions coming together with a completely different approach, will truly lead to the development of not only the "BRICS" countries, but in a longer run, the entire development world."

　　The BRICS countries have also agreed to set up a 100-billion Dollar reserve fund to help members in the event of a liquidity⁵ crunch⁶.

　　China has pledged 41 billion US Dollars to this fund, giving it the largest share of voting rights at 39.5 percent.

　　Brazil, India and Russia will each contribute 18 billion US Dollars, while South Africa has promised 5 billion dollars.

　　The BRICS nations represent 42 percent of the world's population and account for over 30 percent of the world's GDP.

1 initiated   

n. 创始人 adj. 新加入的 vt. 开始，创始，启蒙，介绍加入

参考例句：

• He has not yet been thoroughly initiated into the mysteries of computers. 他对计算机的奥秘尚未入门。
• The artist initiated the girl into the art world in France. 这个艺术家介绍这个女孩加入巴黎艺术界。

2 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

3 mandate   

n.托管地；命令，指示

参考例句：

• The President had a clear mandate to end the war.总统得到明确的授权结束那场战争。
• The General Election gave him no such mandate.大选并未授予他这种权力。

4 decided   

adj.决定了的，坚决的；明显的，明确的

参考例句：

• This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
• There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。

5 liquidity   

n.流动性，偿债能力，流动资产

参考例句：

• The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
• The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。

6 crunch   

n.关键时刻；艰难局面；v.发出碎裂声

参考例句：

• If it comes to the crunch they'll support us.关键时刻他们是会支持我们的。
• People who crunch nuts at the movies can be very annoying.看电影时嘎吱作声地嚼干果的人会使人十分讨厌。