BRICS New Development Bank

The BRICS New Development Bank (NDB) is a financial institution created by the BRICS countries—Brazil, Russia, India, China, and South Africa—to fund infrastructure and sustainable development projects in emerging economies. Its goal is to promote economic growth, reduce reliance on Western-dominated global banks, and support regional development. The NDB provides loans and financial services to member countries and other developing nations, fostering cooperation and shared economic progress. It aims to address infrastructure needs that are vital for improving living standards, encouraging innovation, and boosting regional stability.