The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS nations. According to the agreement, "the bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments" and "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the bank."
BRICS Summit 2025: India takes center stage at the BRICS 2025 Summit in Rio de Janeiro as Prime Minister Narendra Modi leads a..