Bank Profiles
New Development Bank
Headquarters: Shanghai, China
Additional Info
Type of bank
Development
Development
Established
2014
2014
Assets
11.8 billion USD (2019)
11.8 billion USD (2019)
Ownership
Brazil (20%), Russia (20%), India (20%), China (20%), South Africa (20%)
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
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
Government agencies
