NDB signs cooperation memoranda with several regional development banks

Governors and directors reviewed the bank’s early operations and project approvals, marking the shift from establishment to regular oversight.

Memoranda with the World Bank Group and Development Bank of Latin America set a basis for project and knowledge cooperation; NDB positioned itself as a complement to existing institutions.

Ministers backed cooperation among young scientists and research networks to address social and economic challenges.

Leaders addressed development, international governance and the need for responsive and collective solutions to shared challenges.

The outreach connected the five members with Bay of Bengal countries in a development dialogue without changing BRICS membership.

The sporting event provided a people-to-people exchange beyond formal summits and economic meetings.

The Johannesburg office began building a regional project pipeline and closer links with African partners for infrastructure and sustainable development.

BRICS leaders reaffirmed development cooperation, more representative international governance and continued engagement with emerging economies.

The bank and business council formalized a channel to identify and develop potential investment and infrastructure cooperation.

Xiamen hosted a dialogue with invited emerging and developing countries on development cooperation and implementation of the 2030 Agenda; attendance did not mean BRICS membership.