New Development Bank (NDB)

Financial ServicesShanghai, China201-500 Employees

The New Development Bank (NDB) is a multilateral development financial institution focused on mobilizing resources for infrastructure and sustainable development projects in BRICS countries and other emerging markets. Its portfolio spans clean energy, transport infrastructure, water and sanitation, digital and social infrastructure, and environmental protection, reflecting priorities tied to the UN 2030 Agenda and the Paris Agreement. It serves governments and public authorities in BRICS and other EMDCs seeking financing for development, addressing infrastructure gaps and sustainable growth needs. The bank is headquartered in Shanghai with regional offices in each of the founding member countries.

Established in 2015 by Brazil, Russia, India, China, and South Africa, NDB has broadened its membership since 2021 to include Algeria, Bangladesh, Egypt, United Arab Emirates, and Uruguay, with membership open to all United Nations member states. In 2025, the bank named Dr. Rajiv Ranjan as vice-president for a five-year term, signaling ongoing governance development.

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