New Development Bank
In July 2015, the governments of Brazil, the Russian Federation, India, the People’s Republic of China, and South Africa (BRICS) established the New Development Bank (NDB). NDB’s main objectives are fostering the development of member countries, supporting economic growth, promoting competitiveness and facilitating job creation, and building a knowledge-sharing platform among developing countries. NDB’s key areas of operation include, but are not limited to, clean energy; transport infrastructure; irrigation, water resource management, and sanitation; sustainable urban development; and economic cooperation and integration among member countries.
At a Glance
Cumulative Project-Specific Cofinancing
$760 million
2020 Project-Specific Cofinancing
- $500 million
In 2020, the NDB contributed $500 million to the first tranche of ADB’s investment project in India’s Delhi-Meerut regional rapid transit system.
1 January 2014–31 December 2020 Cofinanced Project
| Country | Project | Cofinancing Amount ($ million) | Type of cofinancinga |
|---|---|---|---|
| India | Mumbai Metro Rail Systems | 260 | L |
| Delhi-Meerut Regional Rapid Transit System Investment - Tranche 1 | 500 | L |
a L for loan, G for grant