The New Development Bank (NDB or the Bank) is a multilateral development bank established in 2015 by Brazil, Russia, India, China, and South Africa (collectively BRICS or the BRICS countries). As enshrined in its Articles of Agreement (AoA), the Bank is mandated to mobilise resources for infrastructure and sustainable development projects in BRICS and other
emerging market economies and developing countries (EMDCs), contributing to global growth and development.
To expand its reach and impact, NDB started expanding its membership in 2021. Since then, Algeria, Bangladesh, Egypt, United Arab Emirates, and Uruguay have been admitted by the Bank as its new members.The Bank's membership is open to all members of the United Nations.
By the end of 2024, the Bank had cumulatively approved around UDS 39 billion for 120 projects, in a range of operational areas such as clean energy and transport infrastructure, water and sanitation, digital and social infrastructure, and environmental protection, which reflect the diverse and evolving national development priorities of its members, especially those aligned with the United Nations 2030 Agenda for Sustainable Development and the Paris Agreement.
NDB is headquartered in Shanghai, China, and has regional offices in each of the founding member countries.
Company Details
- Employees
- 336
- Founded
- -
- Address
- 1600 Guozhan Road, Pudong New District, Shanghai,200126,china
- in****@****ndb.int
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- ndb.int
- Keywords
- Banking, Development finance, infrastructure, sustainable infrastructure, sustainable development, capital markets, climate finance, digital infrastructure, clean energy, transport, climate change, green infrastructure, emerging markets, developing countries, ESG, environment, sustainability.
- HQ
- Shanghai
New Development Bank (Ndb) Questions
New Development Bank (Ndb)'s website is ndb.int
New Development Bank (Ndb)'s LinkedIn profile is https://cn.linkedin.com/company/new-development-bank
New Development Bank (Ndb) has
336 employees.
View email and phone details for 336
employees at New Development Bank (Ndb).
New Development Bank (Ndb)'s industry is
Financial Services
New Development Bank (Ndb)'s top competitors are
Asian Infrastructure Investment Bank (Aiib),
European Investment Bank (Eib),
International Monetary Fund,
Ebrd,
Ifc - International Finance Corporation,
Green Climate Fund,
African Development Bank Group,
Inter-American Development Bank,
The World Bank,
Asian Development Bank (Adb).
New Development Bank (Ndb)'s support email address is info@ndb.int
New Development Bank (Ndb)'s categories are Financial Services
New Development Bank (Ndb)'s founding year is 2014
