Institution details
New Development Bank (NDB)
Key facts
- Established in 2014
- Ownership: Public
- 32-36 Floors, BRICS Tower
- None
- https://www.ndb.int
Latest update: 03/12/2021
| rating type | rating agency | type | rating |
|---|---|---|---|
| Institution rating | S&P | Foreign currency | AA+ |
Products
- Loans
Loans
- Sovereign guaranteed loan
- Non-sovereign guaranteed loan
Performance highlights
What's new?
- NDB and Santander Brazil signed an MOU to promote collaboration, knowledge sharing, and joint provision of financial services between the two institutions
- NDB and International Finance Corporation (IFC) signed an Accession Agreement to Amended and Restated Master Cooperation Agreement between IFC and international financial institutions
- The Inter-American Development Bank (IDB), IDB Invest, and NDB agreed to collaborate on areas of common interest and general cooperation, signing an MOU to facilitate collaboration between the parties and provide a general framework for cooperation in a range of areas and services
- NDB and the Development Bank of Southern Africa (DBSA) signed an MOU on General Cooperation, formalizing a framework of cooperation between the two institutions
- Most of NDB’s projects will be either sovereign operations or under sovereign guarantee
- Non-sovereign operations, particularly with the private sector, will be expanded as the operational capability of the bank evolves
- NDB is designing criteria and a strategy to expand membership to new countries beyond the BRICS