New Development Bank (NDB)

The New Development Bank (NDB) is an international financial institution established by the BRICS countries—Brazil, Russia, India, China, and South Africa—in 2014. Its main purpose is to support infrastructure and sustainable development projects in emerging economies. By providing loans and funding, the NDB aims to fill the investment gap that many developing countries face. Unlike traditional banks that often impose strict conditions, the NDB focuses on fostering economic growth while promoting cooperation among its member nations. It plays a key role in diversifying global financial resources and reducing reliance on Western-dominated institutions.