TNPSC Thervupettagam

New president of the New Development Bank (NDB)

May 31 , 2020 1425 days 986 0
  • Marcos Troyjo has been elected as the new president of the New Development Bank (NDB). 
  • He is a former deputy economy minister of Brazil and will replace India’s KV Kamath as a president of this multilateral financial institution.
  • India’s Anil Kishora will be the bank’s vice-president and Chief Risk Officer.
  • K. V. Kamath, from India, was the first elected president of the NDB.
  • It is also referred to as the BRICS Development Bank.
  • is headquartered in Shanghai, China.
  • The first regional office of the NDB is in Johannesburg, South Africa
  • It was established by the Fortaleza declaration of BRICS in 2014.

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