TNPSC Thervupettagam

Colombia and Uzbekistan in NDB

July 11 , 2025 15 hrs 0 min 70 0
  • Colombia and Uzbekistan have now officially joined the New Development Bank (NDB).
  • This expanded NDB’s membership to 11 countries.
  • The NDB now includes Brazil, Russia, India, China, South Africa, Bangladesh, UAE, Egypt, Algeria, Colombia, and Uzbekistan.
  • NDB aims to support infrastructure and sustainable development in BRICS and other emerging markets.
  • The bank was established in 2015 by the BRICS nations to mobilize funding for development projects.

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