The Latest Breaking News from NDB

President Putin proposes BRICS grain market, insurance framework to counter global pressures

Russian President Vladimir Putin proposed new initiatives for BRICS economic growth. He called for a holistic approach to address global challenges effectively. Putin highlighted the growing global stature and independent course of the BRICS grouping. The bloc's expansion and partner countries underscore its increasing influence. BRICS represents a significant portion…

The Economic Times · Sep 13

Beyond bloc politics: India’s BRICS bet on multipolarity

Under India's BRICS chairmanship, the importance of practical cooperation is underscored with an aim to launch impactful development initiatives. Enhancing citizens' lives through tailored health programs and technology is paramount. The chairmanship also prioritizes the nurturing of startup ecosystems and the support of MSMEs, while dedicating significant efforts to climate…

The Economic Times · Sep 12

BRICS Summit 2026: NDB crucial institution for promoting sustainable development, say bloc members

BRICS countries on Saturday backed the New Development Bank as a crucial institution for sustainable development, reducing inequality and strengthening resilience in emerging economies. The New Delhi Declaration urged the NDB to expand resource mobilisation, local-currency financing, innovation and infrastructure investment, while supporting wider membership and stronger governance.

The Economic Times · Sep 12

Iran to join BRICS development bank soon, central bank governor Abdolnaser Hemmati says

Iran plans to join the New Development Bank soon. This move comes as the nation faces international sanctions and seeks alternative financial channels. Iran joined BRICS in 2024 and desires shareholder status in the NDB. The bank was established by BRICS nations to finance development projects. BRICS members aim to…

The Economic Times · Aug 13

Iran to join BRICS bank soon as Trump claims US controls Tehran’s frozen assets

Iranian central bank governor Abdolnaser Hemmati said in a state media report on Wednesday that Iran will soon join the New Development Bank, the multilateral lender established by the BRICS group of nations. This comes ahead of a BRICS finance meeting scheduled to be held in India.

The Times of India · Aug 12

NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bonds

The PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development Bank (NDB). This expands investment options for both government and private sector NPS funds, previously limited to bonds from IBRD, IFC, and ADB. Other conditions like credit rating and maturity…

The Economic Times · May 14

Algeria joins the BRICS New Development Bank

Algeria has been approved for membership in the BRICS New Development Bank (NDB), the country's finance ministry has announced.

Radio France Internationale · Sep 1, 2024

How the BRICS nations failed to rebuild the global financial order

At its launch almost a decade ago, the BRICS nations’ New Development Bank (NDB) was celebrated as a chance for countries across the Global South to break free of the US-dominated IMF and World Bank and rewrite the rules of financing global development. But while the number of nations signed…

France 24 · Aug 24, 2023

BRICS Bank Eyes Cutting Dollar Reliance With Local Currency Loans

A deliberate attempt by the Shanghai-based New Development Bank to reduce dependency on the US is to offer loans.

Zenger · Aug 24, 2023

BRICS 2023 summit: Common currency, membership expansion, Ukraine on agenda

South Africa hosts a summit of the BRICS group of nations and others in the Global South next week who are seeking to balance Western dominance of the world order while dealing with their own internal divisions.

The Times of India · Aug 18, 2023