International News

New Development Bank - Uzbekistan

June 20 , 2026 16 hrs 0 min 70 0

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.