New Development Bank
Overview
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China, and South Africa). It aims to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the efforts of multilateral and regional financial institutions for global growth and development.
About Us
The New Development Bank (NDB) was established with the purpose of supporting infrastructure and sustainable development efforts in BRICS countries and other emerging economies and developing countries. It operates on the principles of country ownership, innovation, and results orientation. The bank aims to foster financial cooperation and serve as a platform for knowledge sharing among its member countries.
Vision
The NDB envisions itself as a leading development finance institution for emerging economies and developing countries, promoting sustainable development and inclusive growth through innovative financing solutions and knowledge sharing.
Mission
The NDB's mission is to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, thereby contributing to global growth and development.
Culture
The NDB promotes a culture of innovation, collaboration, and transparency. It emphasizes sustainable development principles and strives to create a positive impact on the environment and society. The bank values diversity and inclusivity, fostering a working environment that respects different perspectives and promotes equal opportunities.