BRICS Bank

BRICS Bank, officially called the New Development Bank (NDB), is a financial institution established by the BRICS countries (Brazil, Russia, India, China, and South Africa). Its main goal is to support infrastructure and sustainable development projects within member countries and other emerging economies. The bank provides loans and funding to help build roads, energy systems, and other vital infrastructure, fostering economic growth and cooperation among its members. It aims to reduce reliance on Western-dominated financial institutions and promote shared development and stability across emerging markets.