New Development Bank

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New Development Bank

international development bank

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BRICS
Expansion and economic initiatives
This New Development Bank (NDB) began operating in July 2014, with founding BRICS members having pooled $100 billion as the bank’s authorized capital. Each founding BRICS member holds an equal stake in the NDB and contributes an equal share to the bank’s assets. Other countries have…
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This New Development Bank (NDB) began operating in July 2014, with founding BRICS members having pooled $100 billion as the bank’s authorized capital. Each founding BRICS member holds an equal stake in the NDB and contributes an equal share to the bank’s assets. Other countries have…
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Dilma Rousseff
Life after the presidency
…served as president of the New Development Bank (NDB), the financial institution created by the intergovernmental organization comprising the BRICS countries to promote greater economic and geopolitical integration among member states. In March 2025 the board of governors of the NDB reelected her to a new term as president, extending…
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…served as president of the New Development Bank (NDB), the financial institution created by the intergovernmental organization comprising the BRICS countries to promote greater economic and geopolitical integration among member states. In March 2025 the board of governors of the NDB reelected her to a new term as president, extending…
Read More