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New Development Bank

New Development Bank
The latest news and top stories on New Development Bank. A prominent Shanghai, China-based international financial institution, the New Development Bank (NDB) was established by the BRICS states to mobilise resources for infrastructure and sustainable development projects in emerging economies and developing countries. Its main areas of focus include clean energy, transport, water, environmental protection and digital and social infrastructure. The NDB, with regional offices globally, is recognised for its role in financing crucial development initiatives and complementing existing financial institutions.
China trade

China-led SCO bloc looks to fast-track plan for new bank, rival Western lenders

Member states seek more financial autonomy and localised credit by advancing an effort to fund regional growth using their national currencies, not the US dollar.

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Opinion | Brics is less a structure than a sentiment

Opinion | How Hong Kong can distinguish itself as a climate finance hub

The city should lead by directing capital to projects that modernise grids, electrify transport and accelerate green supply chains.

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