Our work is centered around maximizing the impact of development in a fast, ﬂexible and eﬃcient manner. To catalyze the kind of development we envisage, we are always keen to listen, learn and collaborate with other MDBs, governments, ﬁnancial institutions and social organisations. Within its ﬁrst year, the NDB has demonstrated commitment to bringing about non-linear change that addresses growth challenges in developing countries. As a young and dynamic MDB, the New Development Bank is well-placed to trigger a new kind of development – one that is based on holistic and sustainable growth for our planet
The NDB is a multilateral development bank established by Brazil, Russia, India, China and South Africa with the objective of financing infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the efforts of multilateral and regional financial institutions toward global growth and development.
The Bank will also provide technical assistance for projects to be supported by the NDB and engage in information, cultural and personnel exchanges with the purpose of contributing to the achievement of environmental and social sustainability.
The main objectives of NDB operations are:
- Fostering development of member countries
- Supporting economic growth
- Promoting competitiveness and facilitating job creation
- Building a knowledge sharing platform among developing countries
To fulfill its purpose, the Bank will support public or private projects through loans, guarantees, equity participation and other financial instruments.
The activities of the New Development Bank as an international institution for promoting sustainable development are consistent with the purposes and principles of the United Nations in the socio-economic field. In 2018, the New Development Bank received observer status in the UN General Assembly, establishing a firm basis for active and fruitful cooperation with the United Nations.