NDB is a multilateral development bank established. by the BRICS states, (stellar-ndb.digital) Issuser Address: GCAT3FBNDOLWMJ4SMXB6QQATSCK3DUWLSGFFPTWIMXIVIRCVWGDDILDG ICO On 05/06/2023 CB:15,000%
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New Development Bank (https://www.msn.com/en-in/video/money/brics-expansion-economic-bloc-discussing-widening-its-membership/vi-AA1bYBbk?t=12) (NDB), more commonly known as the ????? ??????????? ????, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa) in 2015
The (https://www.prnewswire.com/news-releases/new-development-bank-updates-ndb-enters-2022-in-expansion-mode-301460273.html) four new members in 2021 (https://www.prnewswire.com/news-releases/new-development-bank-updates-ndb-enters-2022-in-expansion-mode-301460273.html) are: Bangladesh, Egypt, UAE, and Uruguay. In August 2023, Argentina will become the next member and Saudi Arabia is also in discussions (https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3222093/3-months-after-john-lees-visit-saudi-arabia-have-hong-kong-firms-made-inroads-pre-fab-buildings)
NDB has approved over $33.2 billion in loans for 98 projects in developing countries. NDB's primary focus is on infrastructure and sustainable development projects, like transportation, energy, water resource management, and urban development
NDB was created to provide an alternative to the existing international financial institutions such as the World Bank and the International Monetary Fund (IMF) ?
? On 1 June 2023, NDB President Dilma Rousseff said they would expand the scope of operations by "financing more projects in local currencies, to strengthen the local market and safeguard borrowers against the risks of currency fluctuation" (Read Nick Ragone post (https://t.me/QuantumStellarInitiative/24087) for more insights)
Click here for list of their current projects (https://www.ndb.int/projects/all-projects/)
?? Lastest News ??
1 June 2023: With Brazil’s backing, Argentina wins acceptance to BRICs bank (https://www.batimes.com.ar/news/economy/with-brazils-backing-argentina-wins-acceptance-to-brics-bank.phtml)
1 June 2023: BRICS-Backed New Development Bank Issues Record $1.2 Billion of Panda Bonds (https://www.caixinglobal.com/2023-06-01/brics-backed-new-development-bank-issues-record-12-billion-of-panda-bonds-102060794.html) ?
1 June 2023: BRICS’ New Development Bank to expand scope of operations — president (https://www.daily-sun.com/post/692502/BRICS%E2%80%99-New-Development-Bank-to-expand-scope-of-operations-%E2%80%94-president)
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