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New Development Bank - Uzbekistan
June 20 , 2026
16 hrs 0 min
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- Uzbekistan has joined the New Development Bank as its 10th member country and the first country from Central Asia to become a member.
- The New Development Bank (NDB) was established by the BRICS countries in 2015 to mobilise resources for infrastructure and sustainable development projects.
- The founding members of NDB are Brazil, Russia, India, China and South Africa.
- Other member countries include Bangladesh, the United Arab Emirates, Egypt and Algeria.
- The NDB is headquartered in Shanghai and aims to complement the efforts of existing multilateral and regional financial institutions.
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