NDB at the 17th BRICS Summit

“45. As the New Development Bank is set to embark on its second golden decade of high-quality development, we recognize and support its growing role as a robust and strategic agent of development and modernization in the Global South.

We welcome the Bank’s steady expansion of its capacity to mobilize resources, foster innovation, expand local currency financing, diversify funding sources, and support impactful projects that advance sustainable development, reduce inequality, and promote infrastructure investments and economic integration.

We also acknowledge and encourage the ongoing expansion of its membership and the strengthening of its governance framework, which enhance the Bank’s institutional resilience and operational effectiveness, to continue executing its purpose and functions in a fair and non-discriminatory manner.

We strongly support the further expansion of NDB membership and expedited consideration of applications of interested BRICS countries, in line with the NDB General Strategy and related policies. We fully support the leadership of President Dilma Rousseff, whose reappointment received strong backing from all members, and we welcome the Bank’s firm progress toward its consolidation as a global institution for development and stability. This trajectory reflects our shared commitment to strengthening financial mechanisms that promote inclusive and sustainable development in the Global South.”