New Development Bank
Banking · China · 114 Employees
The NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateraland regional financial institutions for global growth and development. To fulfill its purpose, the NDB will support public or private projects through loans, guarantees, equity participation and other financial instruments. According to the NDB's General Strategy, sustainable infrastructure development is at the core of the Bank's operational strategy for 2017-2021. In August 2018, the Bank received AA+ long-term issuer credit ratings from S&P and Fitch.
View Company Info for Free
Who is New Development Bank
New Development Bank Org Chart
New Development Bank Tech Stack
New Development Bank News & Media
- The New Development Bank (NDB) is likely to confirm Bangladesh two loans worth US$765 million early next year to improve gas and water supply networks of Bangladesh, officials said on Saturday. This is for the first time the country is getting the loans from the Shanghai-based multilateral lender. Officials said the bank is likely to confirm a loan of $443 million for Titas Gas Transmission and Distribution Company Limited to improve its gas distribution network
New Development Bank and Development Bank of Southern Africa sign USD 100 m Loan Agreement for SA's Sustainable Infrastructure ProjectsSHANGHAI, Oct. 13, 2023 /PRNewswire/ -- The New Development Bank (NDB) and the Development Bank of Southern Africa (DBSA) are pleased to announce the signing of a USD 100 m loan agreement aimed at advancing sustainable infrastructure development in South Africa. This is a continuation of...
- The New Development Bank of the BRICS group of nations will not be announcing new members at the BRICS Summit in South Africa this week, its Chief Financial Officer Leslie Maasdorp told Reuters on Wednesday.
Even a Russian-cofounded bank can't fund new projects in the country — and it shows just how financially isolated the country isAny speculation concerning the discussion of new operations of the NDB in Russia is "unfounded," the bank said in a Wednesday statement.
- Becomes first Emirati and Arab woman to hold the global post within BRICS
Frequently Asked Questions regarding New Development Bank
The NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. To fulfill it...