The New Development Bank (NDB), established by BRICS (Brazil, Russia, India, China and South Africa) in 2015, has approved Bangladesh as a new member. The NDB Board of Governors took this decision in a meeting held on 20 August 2021.
NDB’s Board of Governors authorised the Bank to conduct formal negotiations with prospective members in late 2020.
After a round of successful negotiations, the NDB is increasing its global outreach with the announcement of Bangladesh, UAE and Uruguay as the first countries admitted into the Bank.
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