New Development Bank

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international financial institution multilateral development bank

The New Development Bank is a multilateral development bank established by the BRICS countries to finance infrastructure and sustainable development projects in emerging economies.

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Observed surface forms (2)

Surface form Occurrences
Agreement on the New Development Bank 1
BRICS Bank 1

Statements (57)

Predicate Object
instanceOf international financial institution ⓘ
multilateral development bank ⓘ
agreementSignedOn 2014-07-15 ⓘ
aimsTo complement existing multilateral and regional financial institutions ⓘ
mobilize resources for infrastructure and sustainable development projects ⓘ
alternativeName New Development Bank ⓘ
surface form: BRICS Bank
authorizedCapital 100 billion US dollars ⓘ
currency US dollar ⓘ
local currencies of member countries ⓘ
dateFounded 2014-07-15 ⓘ
establishedBy New Development Bank self-linksurface differs ⓘ
surface form: Agreement on the New Development Bank
firstPresident K. V. Kamath ⓘ
foundedBy Brazil ⓘ
China ⓘ
India ⓘ
Russia ⓘ
South Africa ⓘ
foundingMembers BRICS ⓘ
surface form: BRICS countries
foundingTreatySignedAt Fortaleza ⓘ
surface form: Fortaleza, Brazil
governingBody Board of Directors ⓘ
Board of Governors ⓘ
hasCountryOffice Abu Dhabi ⓘ
surface form: Abu Dhabi, United Arab Emirates

Johannesburg, South Africa ⓘ
Moscow ⓘ
surface form: Moscow, Russia

New Delhi, India ⓘ
São Paulo ⓘ
surface form: São Paulo, Brazil
hasPresident Dilma Rousseff ⓘ
K. V. Kamath ⓘ
Marcos Troyjo ⓘ
headquartersLocation Shanghai ⓘ
surface form: Shanghai, China
initialSubscribedCapital 50 billion US dollars ⓘ
legalForm treaty-based international organization ⓘ
lendingInstruments equity investments ⓘ
guarantees ⓘ
non-sovereign loans ⓘ
sovereign loans ⓘ
member Brazil ⓘ
China ⓘ
India ⓘ
Russia ⓘ
South Africa ⓘ
operationsCommenced 2015 ⓘ
primaryFocus developing countries ⓘ
emerging economies ⓘ
purpose finance infrastructure projects ⓘ
finance sustainable development projects ⓘ
regionServed BRICS countries ⓘ
emerging market economies ⓘ
sectorFocus energy ⓘ
environmental protection ⓘ
transport infrastructure ⓘ
urban development ⓘ
water and sanitation ⓘ
shortName NDB ⓘ
successorToPresident Dilma Rousseff ⓘ
Marcos Troyjo ⓘ
website https://www.ndb.int/ ⓘ

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

New Development Bank → alternativeName → New Development Bank ⓘ
this entity surface form: BRICS Bank
Contingent Reserve Arrangement → associatedWith → New Development Bank ⓘ
New Development Bank → establishedBy → New Development Bank self-linksurface differs ⓘ
this entity surface form: Agreement on the New Development Bank
BRICS → hasInstitution → New Development Bank ⓘ