Building_BRICS__How_the_NDB_Supports_Global_South_Development

Building BRICS: How the NDB Supports Global South Development

The New Development Bank (NDB), established by the BRICS countries, is rapidly becoming a major player in global finance. It offers a fairer alternative for developing nations seeking infrastructure and sustainable development funding.

With new members like Egypt, Algeria, and the United Arab Emirates joining, the NDB has already financed projects worth $32.8 billion. These projects include thousands of kilometers of roads and vital water infrastructure, directly impacting communities across the Global South.

As more countries from the Global South turn to the NDB, its influence in reshaping global financial cooperation continues to grow. The bank’s growing role highlights a shift towards more equitable global finance, empowering developing nations to pursue their own development agendas.

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