The Shanghai-based New Development Bank (NDB) has approved the United Arab Emirates, Uruguay and Bangladesh as its new member countries. In 2020, the NDB Board of Governors initiated the negotiation to expand its membership. As a result UAE, Uruguay and Bangladesh have been admitted as the first new member countries of the NDB.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
NDB was established by the BRICS (Brazil, Russia, India, China and South Africa) countries in 2015. The bank supports public or private projects through loans, guarantees, equity participation and other financial instruments.
Important takeaways for all competitive exams:
Every part of the world is known for something special. Some places are famous for…
India is known as the land of spices, and among them, one stands out for…
The term "Workshop of the World" is used to describe a country that makes a…
In Rajasthan, every district has something special that makes it different from others. Some are…
There is a famous city in Iran known for its rich history, peaceful living and…
India is a country where many different types of fruits are grown because of its…