Hey everyone! Exciting news from the world of global finance: Colombia and Uzbekistan have officially joined the BRICS nations' New Development Bank. During a lively press conference held in Rio de Janeiro on July 5, NDB President Dilma Rousseff, the former President of Brazil, highlighted the bank’s mission to support infrastructure and sustainable projects for the Global South.
Founded by the BRICS nations, the New Development Bank is a key player in funding innovative projects across emerging and developing economies. Headquartered in Shanghai, China, the bank continuously fosters partnerships with other financial institutions to promote balanced global growth.
This new membership marks a significant step in strengthening cross-regional ties and advancing economic development. With more membership applications under evaluation, the NDB is paving the way for a dynamic era of international collaboration. Stay tuned for more updates as this exciting journey unfolds! 🚀🌍
Reference(s):
Colombia & Uzbekistan join BRICS nations' New Development Bank
cgtn.com
