New Development Bank

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). It describes itself as "The Premier Bank for Emerging Economies" and states that sustainability is at the core of its mandate, with ESG impacts of financed projects assessed, minimised and mitigated during implementation. Its General Strategy for 2022–2026 sets the course for its evolution into a leading provider of solutions for infrastructure and sustainable development for EMDCs. The Bank's membership is open to members of the United Nations in accordance with its Articles of Agreement, and it is open to borrowing and non-borrowing members.

The establishment of a new Development Bank was considered by the BRICS leaders in 2012, and in 2013 BRICS leaders agreed on the feasibility of establishing the NDB. In 2014 the Agreement for establishing NDB was signed during the sixth BRICS Summit in Fortaleza by the leaders. The inaugural meeting of the NDB Board of Governors was held on 7 July 2015, and Mr. K.V. Kamath was appointed as the first President. In 2016 NDB received the first instalment of the paid-in capital from its five founding member countries and became fully operational. In 2017 NDB's General Strategy for 2017-2021 was approved by the Board of Governors, and NDB opened its first regional office – the Africa Regional Center (ARC) in Johannesburg. In 2018 NDB received an AA+ Credit Rating from Fitch and S&P, cementing its access to global financial markets. In 2019 NDB's Americas Regional Office (ARO) in São Paulo with a sub-office in Brasília was established, and moving beyond USD funding, NDB approved loans denominated in EUR, CNY, ZAR and CHF. In 2020 NDB earmarked a total of USD 10 billion as a response to the COVID-19 pandemic, supporting immediate measures and economic recovery of its member countries. In 2021 the NDB Board of Governors approved the admission of Bangladesh, UAE, Egypt and Uruguay into the NDB family, which heralded the beginning of the Bank's expansion as a global multilateral institution.

• 2026

  Uzbekistan joined NDB on 5 June 2026. NDB and BRICS launched the BRICS-NDB Knowledge Portal under India's Chairship.

• 2025

  Algeria joined NDB on 19 May 2025.

• 2023

  Egypt joined NDB on 20 February 2023.

• 2021

  NDB Board of Governors approved the admission of Bangladesh, UAE, Egypt and Uruguay into NDB family, which heralded the beginning of the Bank's expansion as a global multilateral institution. Bangladesh joined on 16 September 2021 and the UAE on 4 October 2021.

• 2020

  NDB earmarked a total of USD 10 billion as a response to the COVID-19 pandemic, supporting immediate measures and economic recovery of its member countries. Mr. Marcos Prado Troyjo was appointed President.

• 2019

  NDB's Americas Regional Office (ARO) in São Paulo with a sub-office in Brasília was established. Moving beyond the USD funding, NDB approved loans denominated in EUR, CNY, ZAR and CHF.

• 2018

  NDB received AA+ Credit Rating from Fitch and S&P, cementing its access to global financial markets.

• 2017

  NDB's General Strategy for 2017-2021 was approved by the Board of Governors. NDB opened its first regional office – Africa Regional Center (ARC) in Johannesburg.

• 2016

  NDB received the first instalment of the paid-in capital from its five founding member countries. The NDB became fully operational.

• 2015

  Inaugural meeting of the NDB Board of Governors held on 7 July 2015. Mr. K.V. Kamath appointed as the first President.

• 2014

  The Agreement for establishing NDB was signed during the sixth BRICS Summit in Fortaleza by the leaders.

• 2013

  BRICS leaders agreed on the feasibility of establishing the NDB.

• 2012

  The establishment of a new Development Bank was considered by the BRICS leaders.

The Premier Bank for Emerging Economies; financing for a sustainable future.

• Infrastructure loans

• Sustainable development financing

• Sovereign and non-sovereign loans

• Bonds (including Panda Bonds)

• Technical assistance and knowledge sharing

• 2021-01-29

  MTS secures $300 million loan for infrastructure projects[5]MTS 获得 3 亿美元基础设施项目贷款developingtelecoms.com

  Reported: 2021-01-29

  MTS secured a seven-year $300 million loan from the New Development Bank to fund network and cloud infrastructure development projects, including expanding connectivity to rural towns and remote regions.

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2. 2History - New Development Bankndb.int
3. 3About NDB - New Development Bankndb.int
4. 4Members - New Development Bankndb.int
5. 5MTS 获得 3 亿美元基础设施项目贷款developingtelecoms.com