The New Development Bank (NDB) is a multilateral development bank (MDB) established by Brazil, Russia, India, China and South Africa (BRICS) with the objective of financing infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. NDB’s work complements the efforts of multilateral and regional financial institutions, toward global growth and development.
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 organizations.
To fulfill its purpose, the Bank supports public or private projects through loans, guarantees, equity participation and other financial instruments.
NDB funded projects are located within the following Key Areas of Operation:
The Bank provides technical assistance for projects and engages in information, cultural and personnel exchanges with the purpose of contributing to the achievement of environmental and social sustainability.
As a young and dynamic MDB, the NDB is well-placed to trigger a new kind of development – one that is based on holistic and sustainable growth for our planet.
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.