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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
The New Development Bank (NDB), established by BRICS countries, is rapidly becoming a major player in global finance, offering a fairer alternative for developing nations seeking infrastructure and sustainable development funding. With new members like Egypt, Algeria and the UAE joining, the NDB has already financed projects worth $32.8 billion, including thousands of kilometers of roads and water infrastructure. As more countries from the Global South turn to the NDB, its influence in reshaping global financial cooperation is only set to grow. This video explores the growing role of the NDB and its impact on global development.