Empowering Emerging Markets: The Role of the New Development Bank
The New Development Bank (NDB), established by the BRICS nations—Brazil, Russia, India, China, and South Africa—was founded with a mission to mobilize resources for infrastructure and sustainable development projects in emerging markets and developing countries.
Since the agreement was signed at the BRICS Summit in Fortaleza, Brazil, on July 15, 2014, and the bank officially commenced operations on July 21, 2015, the NDB has been a pivotal force in fostering global growth and addressing development challenges.
With a strong mandate and significant potential, the NDB is uniquely positioned to contribute to worldwide development efforts, supporting initiatives that drive economic progress and sustainable outcomes.
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Graphics: NDB supports development projects in emerging markets
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