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New Development Bank

The NDB is a multilateral development bank (MDB) created to mobilize resources to finance infrastructure and sustainable development projects in developing countries.

President Luiz Inácio Lula da Silva held a meeting with the President of the New Development Bank (NDB), Dilma Rousseff, in Rio de Janeiro, to celebrate the progress made by the “BRICS Bank”.The discussion surrounding the reform of global financial institutions is among the priorities within the framework of BRICS negotiation

According to Lula, the bank has already invested $40 billion in climate-related initiatives. The current head of the institution, Dilma Rousseff—former president of Brasil—stated that the NDB must be at the forefront of investments in climate action and energy transition

Led by Dilma Rousseff, the NDB reaffirmed its role in advancing sustainable development in the Global South by announcing the accession of Colombia and Uzbekistan. With an equal-governance model and no political conditionalities, the Bank overcame financial challenges by raising $16.1 billion in 2024

The New Development Bank (NDB) was created to finance projects on sustainability and infrastructure in the BRICS countries and offers an alternative to the traditional financial system. Understand its impact and relevance for Brasil and the world.