NDB Board of Directors held its 35th Meeting


On May 18, 2022, the Board of Directors (Board) of the New Development Bank (NDB) held its 35th Meeting in a virtual format.

The Board was updated of the progress on NDB’s membership expansion and discussed the way forward.

The Board took note of the preparation of the Bank’s General Strategy: 2022-2026 submitted to the Board of Governors for approval.

An update on the progress with regard to launching the Indian Regional Office of the Bank was provided to the Board of Directors.

The Board also discussed key priorities for setting up the Independent Evaluation Office.

Background Information

New Development Bank was established with the purpose of mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the efforts of multilateral and regional financial institutions for global growth and development.