New Development Bank

About New Development Bank

The New Development Bank (NDB) is an international financial institution established by the BRICS nations, aimed at fostering sustainable development and enhancing economic cooperation among its member countries. Founded in 2014, the NDB focuses on providing financial support for infrastructure and sustainable development projects in emerging economies.

With its headquarters located in the UK, the bank plays a pivotal role in mobilising resources for projects that contribute to economic growth and environmental sustainability. The NDB aims to bridge the financing gap for development projects, ensuring that member countries can achieve their developmental goals.

• Core Activities: The NDB primarily engages in funding projects related to renewable energy, transportation, urban development, and social infrastructure.
• Vision: The bank envisions a world where sustainable development is accessible to all, promoting inclusive growth and reducing inequalities.
• Member Countries: The NDB currently has several member countries, including Brazil, Russia, India, China, and South Africa, with plans to expand its membership base.

By leveraging innovative financing solutions and fostering partnerships with various stakeholders, the NDB aims to enhance the quality of life for people in its member countries. The bank is committed to transparency, accountability, and sustainable practices in all its operations.

In addition to project financing, the NDB also provides technical assistance and capacity-building initiatives to help member countries implement their development strategies effectively. Through its efforts, the NDB seeks to create a positive impact on the global economy and contribute to the achievement of the United Nations Sustainable Development Goals (SDGs).