Press ReleaseNDB Issues RMB 8 billion Panda Bond, Reinforcing Commitment to Financing Infrastructure and Sustainable Development Projects

Background information

The New Development Bank was created in 2015 by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in the BRICS and other emerging market economies and developing countries. In 2021, the NDB began expanding its membership and admitted Bangladesh, Egypt, the United Arab Emirates and Uruguay as its new member countries. For more information, visit www.ndb.int.