NDB provides $320mln funding for Brazil's health sector
11 July 2025
Brazil has secured $320 million in financing from the BRICS-founded New Development Bank (NDB) to establish a smart medicine institute and a hospital using AI technologies in collaboration with Chinese hospitals, according to a media report.
Health Minister Alexandre Padilha said that Brazil is teaming with India to produce tuberculosis drugs and with China to produce insulin and the chickenpox vaccine, which will help overcome a global supply crisis.
The country has also signed partnerships to produce medical equipment such as CT scanners and radiotherapy devices, ensuring local availability of equipment.
Padilha stated that BRICS is focusing on investing in the health sector and the production of medicines and vaccines.
Related
-
Morocco to invest $8bln in 5G project
30 July 2025
-
Saudi Arabia announces $6.4bln in Syria investments
25 July 2025
-
Saudi Arabia unveils master plan for Dammam, two other airports
22 July 2025
-
Slovenia publishes call for incentives for wind, solar power projects
16 July 2025
-
Iraq needs 3mln homes over 5 years, says government advisor
14 July 2025
-
Montenegro sets ceiling price of €65/MWh for first solar auction
11 July 2025