BEIJING, Sept 9 (Bernama-GLOBE NEWSWIRE) — Over the past decade, the BRICS New Development Bank (NDB) has financed over 100 projects across infrastructure, clean energy and digital development sectors, with total loans reaching roughly $40 billion. Beyond the numbers, the bank represents a powerful example of what emerging economies can achieve when they unite, turning shared vision into tangible results.
More than a financial institution, the bank is a flagship of BRICS cooperation, personally championed by Chinese President Xi Jinping. Walking through the NDB headquarters in Shanghai earlier this year, Xi highlighted the institution’s broader significance, describing it as “a pioneering initiative for the unity and self-improvement of the Global South,” and emphasizing how it reflects the broader trend of reforming and improving global governance.