General InformationThe New Development Bank is a multilateral development institution founded in 2015 by BRICS nations, headquartered in Shanghai, China, with approximately 200-500 employees focused on financing sustainable infrastructure and development projects
Funding & FinancialsNDB is a public multilateral institution capitalized by its member countries (Brazil, Russia, India, China, South Africa) with an authorized capital of $100 billion and has approved over $60 billion in cumulative loans since inception
Leadership & TeamNDB is led by President Dilma Rousseff (former President of Brazil), with governance through a Board of Governors representing member countries and a professional management team overseeing regional and sectoral operations
Recent ActivityNDB has recently expanded its renewable energy portfolio, approving significant financing for solar and wind projects across member countries, and has increased its lending in climate-related infrastructure and green bonds issuance