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New Development Bank

NEW DEVELOPMENT BANK NEWS

China wants control, not cooperation

September 12, 2025 1:19 pm

The SCO Development Bank will reinforce Beijing’s ambition to create a unipolar Asia under the veneer of multilateralism

Govt inks $1-bn loan pact with NDB to boost rural employment, infrastructure

December 17, 2020 8:18 am

Economic activity slowed down post lockdowns to contain the spread of virus, resulting in loss of employment and income of workers especially those employed in the informal sector, including rural areas.

BRICS bank set to issue yuan-denominated bonds

June 01, 2016 2:19 pm

The New Development Bank of the BRICS countries' first five-year yuan-denominated bonds will be issued after receiving a rating from international ratings agencies as well as getting authorities' approval,

Honoured that the government has nominated me, says K V Kamath

May 15, 2015 3:42 pm

KV Kamath will be the first president of the New Development Bank of the BRICS nations.

Ways to grow

August 05, 2014 12:49 am

Rescue ‘sustainable development’ from its relegation to the environment sector.

BRICS building

July 18, 2014 12:59 am

The long-term challenges to its success are geopolitical rather than economic

Next BRICS Summit to be held in Russia

July 16, 2014 6:19 pm

BRICS Summit decided to establish the New Development Bank with an initial capital of USD 100 billion.

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