Structure and Objectives

Pie chart showing equal distribution of shares between the NDB shareholders


Corporate Governanceedit

According to the Articles of Agreement, the main organs of the bank are:

  • Board of Governors
  • Board of Directors
  • President and Vice-Presidents

Information about the composition of the NDB Board of Governors is available on the Bank's official website.

The NDB President is elected on a rotational basis from one of the founding members, and there are four Vice Presidents from each of the other four founding members.

K. V. Kamath, from India, is the first elected president of the NDB. He was replaced as president by Marcos Prado Troyjo from Brazil since 7 July 2020. Marcos Troyjo was elected president of the New Development Bank on 27 May 2020.

Capitaledit

The New Development Bank has an initial subscribed capital of US$50 billion and an initial authorized capital of US$100 billion. The initial subscribed capital is be equally distributed among the founding members. The payment of the amount initially subscribed by each founding member to the paid-in capital stock of the Bank will made in dollars in 7 installments. Each member cannot increase its share of capital without all other four members agreeing. The bank will allow new members to join but the BRICS capital share cannot fall below 55%.

Objectivesedit

The bank aims to contribute to the development plans established nationally through projects that are socially, environmentally and economically sustainable. Taking this into account, the main objectives of the NDB can be summarized as follows

  1. Promote infrastructure and sustainable development projects with a significant development impact in member countries.
  2. Establish an extensive network of global partnerships with other multilateral development institutions and national development banks.
  3. Build a balanced project portfolio giving a proper respect to their geographic location, financing requirements and other factors.

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