https://sputniknews.in/20250706/new-development-banks-next-annual-meeting-to-be-held-in-russia-in-2026-9406939.html
New Development Bank's Next Annual Meeting to Be Held in Russia in 2026
New Development Bank's Next Annual Meeting to Be Held in Russia in 2026
Sputnik India
The next annual meeting of the New Development Bank (NDB) will be held in Russia in 2026, the Russian Finance Ministry said following the 10th anniversary... 06.07.2025, Sputnik India
2025-07-06T11:29+0530
2025-07-06T11:29+0530
2025-07-06T13:21+0530
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"It was also decided that the next annual meeting in 2026 will be held in Russia," the ministry said on Telegram.It is noted that during the meeting of the bank's Board of Governors, applications for the accession of Colombia and Uzbekistan to the New Development Bank were approved."With the accession of these countries, the number of NDB participants increased to 11. Brazil, Russia, India, China, South Africa, Bangladesh, the UAE, Egypt and Algeria have already joined the bank," the ministry specified.The governors also discussed the current results of the implementation of the bank's strategy, it added.The political decision to establish the New Development Bank within the BRICS was made in 2013 at the summit in Durban, South Africa. In 2014, at the next summit in Fortaleza, Brazil, an agreement on the bank was signed. Its work was officially launched at the inaugural meeting of the bank's board of governors on July 7, 2015, in Moscow. The main objective of the institution is to finance infrastructure projects and sustainable development projects in the BRICS member states and in developing countries.
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New Development Bank's Next Annual Meeting to Be Held in Russia in 2026
11:29 06.07.2025 (Updated: 13:21 06.07.2025) The next annual meeting of the New Development Bank (NDB) will be held in Russia in 2026, the Russian Finance Ministry said following the 10th anniversary meeting of the bank's board of governors in Rio de Janeiro, Brazil.
"It was also decided that the next annual meeting in 2026 will be held in Russia," the ministry said on Telegram.
It is noted that during the meeting of the bank's Board of Governors, applications for the accession of Colombia and Uzbekistan to the New Development Bank were approved.
"With the accession of these countries, the number of NDB participants increased to 11. Brazil, Russia, India, China, South Africa, Bangladesh, the UAE, Egypt and Algeria have already joined the bank," the ministry specified.
The governors also discussed the current results of the implementation of the bank's strategy, it added.
The political decision to establish the New Development Bank within the BRICS was made in 2013 at the summit in Durban, South Africa. In 2014, at the next summit in Fortaleza, Brazil, an agreement on the bank was signed. Its work was officially launched at the inaugural meeting of the bank's board of governors on July 7, 2015, in Moscow. The main objective of the institution is to finance infrastructure projects and sustainable development projects in the BRICS member states and in developing countries.
