The New Development Bank (NDB) just got even more diverse! At a lively press conference in Rio de Janeiro on July 5, the NDB announced that Colombia and Uzbekistan are now official members. 🎉
NDB President Dilma Rousseff, a former leader from Brazil, highlighted the bank’s mission to serve the Global South, emphasizing its commitment to funding infrastructure and sustainable development projects in emerging and developing economies. This move signals a broader effort to support growth, innovation, and sustainability across borders.
Headquartered in Shanghai on the Chinese mainland, the NDB collaborates with other financial institutions to drive global economic progress. The inclusion of Colombia and Uzbekistan brings fresh perspectives and opportunities for diverse, cross-border partnerships—a dynamic reminder how interconnected our world has become.
With additional membership applications under evaluation, the spirit of international unity continues to pave the way for transformative projects that truly matter.
Reference(s):
Colombia & Uzbekistan join BRICS nations' New Development Bank
cgtn.com
