New Development Bank

Headquarters: Shanghai, China

Website

Additional Info

Type of bank
Development

Established
2014

Assets
11.8 billion USD (2019)

Ownership
Brazil (20%), Russia (20%), India (20%), China (20%), South Africa (20%)

Mandate
The New Development Bank was formed to support infrastructure and sustainable development efforts in BRICS and other underserved, emerging economies for faster development through innovation and cutting-edge technology. The bank partners with nations through capital and knowledge, achieving development goals with transparency and empathy and creating an equal opportunity for the development of all countries. read more

Covid response

Summary
Providing emergency loans to member countries to support national responses to COVID-19.

Loans
Government agencies

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