NEW DELHI, December 16 (Sputnik) – BRICS countries are considering the possibility of financing joint medical researches by creating a common fund or through attracting the resources of the New Development Bank (NDB), Russian Deputy Minister of Health Dmitry Kostennikov said on Friday.

The sixth ministerial meeting of the BRICS countries took place in Delhi on Friday. The Russian delegation was led by Kostennikov. According to him, the meeting ended not only in approving a joint communique as usual, but in adopting several action plans to deepen cooperation in various areas.

“One of the action plans that we approved today deals with the joint actions in developing cooperation in fighting tuberculosis, HIV and malaria. It was suggested to develop a research network that would unite the efforts of BRICS member-states and of leading scientists in this area in order to exchange experience and results, and first of all, to put objectives that would allow to deal with the issue more effectively,” Kostennikov explained.

To bring the plan to life the parties proposed to “work through the issue of creating a special BRICS fund that would finance the projects in healthcare,” Kostennikov told journalists. “Our colleagues are considering the possibility to use the New Development Bank as well”, he added.

Kostennikov underlined that there are no plans of creating a joint institute and the proposed joint researches will be conducted within the framework of existing national institutes.

The NDB was set up by the BRICS club of emerging economies – Brazil, Russia, India, China and South Africa – in 2014 to mobilize resources for infrastructure and sustainable development projects. BoCom was established in 1908 and is one of China’s oldest banks. It is has a capital of over $1 trillion.