The New Development Bank (NDB), founded by the BRICS in 2014, is gearing up to transform the global financial landscape. Over the past decade, it has poured billions into sustainable infrastructure, green energy and digital projects across the Global South, signaling a shift in development finance.
"The NDB has increasingly served as a robust and strategic agent of development and modernization for the Global South," says Jiang Tianjiao, associate director of the Center for BRICS studies at Fudan University in the Chinese mainland, in an interview with CGTN. This track record has set the stage for an ambitious new phase.
Data speaks volumes: since inception, the bank has approved over $40 billion in loans for more than 100 projects, covering sectors from renewable energy to smart cities. As it embarks on its second golden decade, the focus will pivot to high-quality development, with priorities on climate resilience, fintech solutions and regional connectivity.
For entrepreneurs and policymakers, the NDB’s rise offers fresh opportunities. Startups in emerging markets can tap into new funding streams for digital innovation, while governments can leverage NDB partnerships to upgrade transport networks and sustainable agriculture.
Looking ahead, the NDB aims to foster a more balanced financial order, one that reflects the needs of younger, globally connected communities. As the bank expands its footprint, it could become a linchpin for inclusive growth and climate action in developing regions.
With its second decade underway, the NDB is not just financing projects—it’s charting a new path for global development.
Reference(s):
cgtn.com
