Development bank head forecasts 'golden decade'

The New Development Bank, the multilateral financial organization that promotes the development of emerging markets and developing countries, is set to enter another golden age as it advances its investment in infrastructure and innovation with China's continued support, said Dilma Rousseff, the bank's president.

She made the comment in an interview after President Xi Jinping's visit to the bank's headquarters in Shanghai on Tuesday.

President Xi defined the NDB's first decade from its establishment in 2014 as "a golden decade", with the bank approving 120 projects and investing $40 billion in that time, according to Rousseff.