The New Development Bank (NDB) is an international financial institution established in 2014 by the BRICS nations: Brazil, Russia, India, China, and South Africa. Its primary purpose is to support public or private projects in these countries and other emerging economies, focusing on sustainable development and infrastructure. The NDB aims to provide funding for projects that promote economic growth and improve living standards. It offers loans, guarantees, and technical assistance to member countries, helping them address challenges such as poverty, climate change, and urbanization while fostering cooperation among its members.