Established in 2015 by the BRICS leaders, the New Development Bank (NDB) has since faced multitude of challenges, especially now with geopolitical changes and emerging economic hurdles.

Nirmala Sitharaman was speaking at the 10th Annual Meeting of the Board of Governors of NDB in Rio de Janeiro, Brazil.

BRICS New Development Bank was established in 2014 in cooperation with Brazil, Russia, India, China and South Africa. The bank intends to mobilize resources for the implementation of infrastructure ...

Speaking at the 10th Annual Meeting of Board Governors of the New Development Bank, Finance Minister Nirmala Sitharaman on ...

The New Development Bank (NDB), established by BRICS nations, has admitted Algeria as a new member, further expanding its global membership base, it said on Thursday (May 22, 2025).

Chinese President Xi Jinping visits the New Development Bank and meets with Dilma Rousseff, president of the institution, in Shanghai, east China, April 29, 2025.

Rousseff led the bank's four vice presidents and other employees to welcome Xi when he arrived. Xi congratulated Rousseff on her reelection as president of the New Development Bank, and noted that the ...

Beijing, May 22 (PTI) The New Development Bank (NDB), established by BRICS nations, has admitted Algeria as a new member, further expanding its global membership base, it said on Thursday.