Membership

Pie chart showing equal distribution of shares between the NDB shareholders


The Agreement on the New Development Bank entered into force in July 2015, with the official declaration of all five states that have signed it. The five founding members of the Bank include Brazil, Russia, India, China and South Africa.

Bank's Articles of Agreement specify that all members of the United Nations could be members of the bank, however the share of the BRICS nations can never be less than 55% of voting power.

Expanding the NDB's membership is considered by some experts to be crucial to its long-term development by helping boost the bank's business growth.

According to the Bank's General Strategy: 2017–2021, the NDB plans to expand membership gradually so as not to overly strain its operational and decision-making capacity.

Comments

Post a Comment

Popular posts from this blog

Relations With Other Institutions

Image
Approach edit The Articles of Agreement of the bank say that the NDB was established to complement the existing efforts of multilateral and regional financial institutions for global growth and development. Moreover, the NDB is authorized by its founders to cooperate within its mandate with other international organizations, as well as national entities (public or private), in particular with international financial institutions and national development banks. The NDB President K.V.Kamath stresses that the bank regards other international financial institutions, including IMF and World Bank as partners, not rivals. Asian Development Bank edit In July 2016, the NDB signed with Asian Development Bank (ADB) a memorandum of understanding on strategic cooperation. The two institutions expressed willingness to work together through co-financing and knowledge exchanges in areas including sustainable development projects in renewable energy, energy efficiency, clean transportation, sustainab
Read more

17)Zero Motorcycle Stunts, no Primary Guest: Several First Time Misses at Republic Day 2021

India Republic Day -- This year's grand march will not be the same as it is the first time that it will be held among the ongoing coronavirus pandemic, which has claimed many lives country wide. India is celebrating it is 72nd Republic Day on Tuesday, but this year's grand parade will not be similar to it is for the first time that it will possibly be held amid the ongoing coronavirus pandemic, which has claimed many lives across the country. Burj Khalifa Lights up With Tricolour to Celebrate India's 72nd Republic Moment After more than 5 decades, often the country's 72nd R-Day march will have no chief guests. British Prime Minister Boris Johnson was due to maintain New Delhi as the primary guest at the annual march to mark the Republic Day but he had for you to call off the visit to concentrate on the domestic crisis free by the emergence of a new, deadlier variant of coronavir us in the UK at the end of last year. Aside from, gravity-defying stunts by motorcycle-bor
Read more

Logo and Identity

Image
The logo of the New Development Bank borrows from the mathematical concept of a Mobius strip that symbolizes the idea of continuous transformation. Its nature is not to disrupt but drive change in the existing system from within. The logo consists of a triangle in motion at one end signifying balanced evolution. The other end, moving in the opposite direction, is a propeller that represents speed and dynamism. These two entities are held together by a wireframe, the skeletal basic of infrastructure. The logo is rendered in gradient of green that symbolizes sustainability. This constant motion symbolizes the values that the bank strives to live by – agility, innovation and continuous transformation.
Read more