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Private company

New Development Bank

Logo: ndb.int4

Multilateral development bank of the BRICS member countries

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS nations (Brazil, Russia, India, China, and South Africa). According to the agreement, "the bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments" and "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the bank.2 It is headquartered in Shanghai.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2015Founded1

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New Development Bank HQ Shanghai
Photo: Donnie28, CC BY-SA 4.0, via Wikimedia Commons5

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS nations (Brazil, Russia, India, China, and South Africa). According to the agreement, "the bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments" and "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the bank." The initial authorized capital of the bank was US$100 billion divided into one2

The story

Founded by BRICS in 2015.1

Leadership

Who has led New Development Bank, and when. Pick a name to see everywhere that person has worked.

Chair

  1. Dilma Rousseff2023–now
20202025

Subsidiaries and ownership

Parent company

  • BRICS

From Wikidata.1

Timeline

  1. 2015Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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