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New Development Bank

international development bank

Learn about this topic in these articles:

BRICS

  • 2023 BRICS summit
    In BRICS: Expansion and economic initiatives

    This New Development Bank (NDB) began operating in July 2014, with founding BRICS members having pooled \$100 billion as the bank’s authorized capital. Each founding BRICS member holds an equal stake in the NDB and contributes an equal share to the bank’s assets. Other countries have…

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