On October 22-24, 2024, the 16th BRICS Summit was held in Kazan under the chairmanship of the Russian Federation. The Summit provided an important platform for strengthening dialogue and cooperation between the New Development Bank and BRICS as well as other emerging markets and developing countries (EMDCs).
Highlights of NDB President's Meetings
On October 22, 2024, New Development Bank (NDB) President, H.E. Mrs. Dilma Rousseff met with H.E. Mr. Vladimir Putin, President of BRICS chair country, Russia. The meeting was held on the sidelines of the 16th BRICS Summit in Kazan.
On October 23, 2024, H.E. Mrs. Dilma Rousseff, President of the New Development Bank (NDB), held a series of meetings with distinguished leaders and heads of delegations from BRICS Plus/Outreach countries. These meetings were held on the sidelines of the 16th BRICS Summit in Kazan, Russia.
NDB President Speaking at the 16th BRICS Summit
On August 23, 2024, H.E. Mrs. Dilma Rousseff, President of the New Development Bank (NDB), delivered her report at BRICS Summit Open Plenary Session held under the theme “Strengthening Multilateralism for Just Global Development and Security”.
The Kazan Declaration
On October 23, 2024, the Kazan Declaration was adopted at the end of the 16th BRICS Summit. It highlighted the New Development Bank’s role and achievements as follows.
“62. We recognise the key role of the New Development Bank (NDB) in promoting infrastructure and sustainable development of its member countries. We support further development of the NDB and improvement in corporate governance and operational effectiveness towards the fulfillment of the NDB’s General Strategy for 2022-2026. We support the NDB in continuously expanding local currency financing and strengthening innovation in investment and financing tools. We encourage the Bank to follow member-led and demand-driven principles, the employment of innovative financing mechanisms to mobilize financing from diversified sources, and in this regard, we acknowledge the initiative to create new investment platform to leverage the existing institutional infrastructure of the NDB to boost the investment flow into the countries of BRICS and the Global South mechanisms. We support the enhancement of capacity building and knowledge exchange, including by building synergies with knowledge sources from developing countries, the assistance of member countries in achieving the SDGs and the further improvement of efficiency and effectiveness to fulfill its mandate, aiming to be a premier multilateral development institution for EMDCs. We agree to jointly develop the New Development Bank into a new type of MDB in the 21st century. We urge the Bank to execute its purpose and functions in accordance with the Articles of Agreement of the New Development Bank in a fair and non-discriminatory manner. We support the further expansion of NDB membership and expedited consideration of applications of BRICS countries in line with the NDB General Strategy and related policies.”