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2024.10.24 10:51 GMT+8

Building BRICS: How the NDB supports Global South development

Updated 2024.10.24 10:51 GMT+8
Bhargab Sarmah and Joseph Stannard

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.

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