New Development Bank - Gkseries.com

NDB approves USD 875 million for development in Brazil, China and India

The New Development Bank has approved USD 875 million for water, sanitation, ecotourism and transport. Investments will support the Brazil, China and India towards the Sustainable Development Goals. Brazil: $ 300 million for water supply and sewage collection India: $ 79 million for the Meghalaya Ecotourism Infrastructure Development Project. China: EUR 265 million for Lanzhou Zhongchuan International Airport and RMB 805 million for […]

NDB approves USD 875 million for development in Brazil, China and India Read More »

New Development bank to set up regional office in India

The New Development Bank (NDB) will open its first regional office in India at the Gujarat International Finance Tec-City (GIFT City) to cater to infrastructure and sustainable development needs of the country. The Indian Regional Office (IRO) will be instrumental in enhancing NDB’s engagement with borrowers and stakeholders. IRO expands our on-the-ground presence, contributing to preparing and implementing projects.

New Development bank to set up regional office in India Read More »

New Development Bank approves Bangladesh as a new member

New Development Bank approves UAE, Bangladesh and Uruguay as a new member

The Shanghai-based New Development Bank (NDB) has approved the United Arab Emirates, Uruguay and Bangladesh as its new member countries. In 2020, the NDB Board of Governors initiated the negotiation to expand its membership. As a result UAE, Uruguay and Bangladesh have been admitted as the first new member countries of the NDB. The New Development Bank (NDB) established

New Development Bank approves UAE, Bangladesh and Uruguay as a new member Read More »