The bank’s approved project portfolio has now reached $40bln across 122 initiatives, with $22.4bln already disbursed ...

As World Cup fever recedes, this week in Fortaleza heads of state from Brazil, Russia, India, China, and South Africa (the so-called BRICS countries) agreed to establish a New Development Bank ...

Finance Minister Nirmala Sitharaman on Friday said in today's fast changing world, the mandate for New Development Bank (NDB) ...

Research firm Capital Economics estimates that the New Development Bank, with initial capital approved at only $100 billion, could offer loans of $5 billion to $10 billion a year over the next decade.

The newly created Chinese-led Asian Infrastructure Investment Bank has drawn much more of Washington’s ire than has the BRICS New Development Bank formed by the five “BRICS” countries of ...

What is the share of each BRICS country in the New Development Bank and how does it work? The NDB was officially created on 15 July 2014 on the occasion of the 6 th BRICS Summit held in Fortaleza, ...

The New Development Bank has approved a new loan of up to $1 billion to finance water and sanitation projects among poorer households in South Africa, the bank said in a statement on Saturday.

The New Development Bank, a financial institution created by the BRICS bloc of emerging markets, raised 1.5 billion rand ($79 million) at its first-ever South African bond auction.

The New Development Bank [NDB] is committed to providing financing not only for sovereign projects, but also for private initiative projects,” Rousseff said earlier this week.