Established in 2014 by the BRICS nations (Brazil, Russia, India, China, and South Africa), the New Development Bank (NDB), previously known as the BRICS Development Bank, is a multilateral financial institution.
The NDB's central mission is to aid public or private initiatives via diverse financial instruments such as loans, guarantees, and equity participation. Its principal goals involve gathering resources to bolster infrastructure and foster sustainable development not only within BRICS nations but also in other emerging economies and developing countries.
https://www.ndb.int/
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