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The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China, and South Africa).
The New Development Bank (NDB) is a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS) with the purpose of mobilising resources for infrastructure and sustainable development projects in emerging markets and developing countries (EMDCs).
Jul 7, 2015 · Established in 2015 by BRICS countries, the New Development Bank is a multilateral development bank aimed at mobilising resources for infrastructure and sustainable development projects in BRICS and other EMDCs.
The bank was established in July 2015 by the BRICS countries (Brazil, Russia, India, China and South Africa). The aim of the bank is to mobilize funding for infrastructure and sustainable development. It’s ownership structure is unique, as the BRICS countries each have an equal share and no country has any veto power.
The New Development Bank ( NDB ), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states ( Brazil, Russia, India, China, and South Africa ).
Established in 2015 by BRICS countries, the New Development Bank is a multilateral development bank aimed at mobilising resources for infrastructure and sustainable development projects in BRICS and other EMDCs.
