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