Tag: NDB
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The New Development Bank: An Analysis
By Piyush Jain, Rajiv Gandhi National University of Law, Punjab. The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing US-dominated World Bank and International Monetary Fund. The bank is set…