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NDB admits UAE as new member
Development bank established by BRICS begins membership expansion The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has admitted the United Arab Emirates (UAE) as a new member.
NDB’s Board of Governors authorized the Bank to conduct formal negotiations with prospective members in late 2020. After a round of successful negotiations, NDB is increasing its global outreach with the announcement of the UAE, Uruguay and Bangladesh as the first countries admitted into the Bank.