New Development Bank

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New Development Bank

international development bank

Learn about this topic in these articles:

BRICS

In BRICS
This New Development Bank (NDB) began operating in July 2014, with BRICS members having pooled \$100 billion as the bank’s authorized capital. Each BRICS member holds an equal stake in the NDB and contributes an equal share to the bank’s assets. Alongside the NDB, BRICS launched…
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