About Us
The NEW DEVELOPMENT BANK
International organization jointly founded by the BRICS Countries
Federative Republic of Brazil
Russian Federation
Republic of India
People’s Republic of China
Republic of South Africa
Bank’s Articles of Agreement specify that all members of the United Nations could be members of the bank, however the share of the BRICS nations can never be less than 55% of voting power.
Countries by Shareholding at the New Development Bank
| Country | Number of Shares | Share Holding (% of Total) |
Voting Rights (% of Total) |
|---|---|---|---|
| BRAZIL |
100,000 | 20 | 20 |
| RUSSIA |
100,000 | 20 | 20 |
| INDIA |
100,000 | 20 | 20 |
| CHINA |
100,000 | 20 | 20 |
| SOUTH AFRICA |
100,000 | 20 | 20 |
| UNALLOCATED SHARES | 500,000 | – | – |
| GRAND TOTAL | 1000,000 | 100 | 100 |
Shares Distribution and Voting Powers
Shares Distribution and Voting Powers
PRESIDENT'S DESK
60% of Funding Will be for Renewables
"Our focus is on sustainable development and sustainable infrastructure," said President K V Kamath in an interview at the bank’s headquarters in Shanghai...More