Which one of the following countries is not a founding member of the N

Which one of the following countries is not a founding member of the New Development Bank (NDB)?

India

China

Russia

Bangladesh

Answer is Right!

Answer is Wrong!

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UPSC CBI DSP LDCE – 2023

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The correct option is D) Bangladesh. The New Development Bank (NDB) was established by the BRICS group of countries (Brazil, Russia, India, China, and South Africa). These five countries are the founding members of the NDB. Bangladesh joined the NDB later, in September 2021, becoming the fourth new member admitted by the bank (after UAE, Uruguay, and Egypt).

– NDB was founded by BRICS countries.
– Founding members are Brazil, Russia, India, China, South Africa.
– Bangladesh joined NDB in 2021.

The NDB is headquartered in Shanghai, China. It aims to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries.

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