The New Development Bank (NDB), formerly known as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China, and South Africa). The bank is headquartered in Shanghai, China and each participating country holds equal shares and voting rights. The bank aims to provide financing for infrastructure and sustainable development projects in BRICS and other developing nations.

1. BRICS BANK
By:
Pratyush Kumar
Nabeel Khan
Prashant Kumar
Chourasiya
Mohamad Anas

4. BRIEF
• 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 American and European-dominated World
Bank and International Monetary Fund.
•Each participant country holds an equal number of shares and equal
voting rights, and none of the countries will have veto power.
• BRICS states have 40% of the world’s population, 20% of the world’s
coverage and $18.486 trillion of combined GDP.

5. HEADQUARTER, MANAGEMENT
AND ORGANISATION
• The bank is headquartered in Shanghai, China.
• The Bank shall have a Board of Governors, a Board of Directors, a
President and Vice-Presidents. The President of the Bank shall be
elected from one of the founding members on a rotational basis, and
there shall be at least one Vice President from each of the other
founding members.
• The first president will be from India, the inaugural Chairman of the
Board of directors will come from Brazil and the inaugural chairman
of the Board of Governors will be Russian.

6. HISTORY
• The idea for setting up the bank was proposed by India at the 4th
BRICS summit in 2012 held in Delhi.
• BRICS leaders agreed to set up a Development bank at the 5th BRICS
summit held in Durban, South Africa on 27 March 2013.
• On 15 July 2014, the first day of the 6th BRICS summit held
in Fortaleza, Brazil, the BRICS states signed the Agreement on the
New Development Bank.
• The 7th BRICS summit in July 2015 marked the entry into force of the
Agreement. On 11 May 2015, K. V. Kamath was appointed as
President of the Bank.

7. OBJECTIVES
• To utilize resources at its disposal to support infrastructure and
sustainable development projects, public or private, in the BRICS and
other emerging market economies and developing countries.
• The Bank shall support public or private projects through loans,
guarantees, equity participation and other financial instruments. It
shall also cooperate with international organizations and other
financial entities.
• To provide technical assistance for the preparation and
implementation of infrastructure and sustainable development
projects to be supported by the Bank.
• The Bank will be an additional source of long term finance for
infrastructure projects in India.

8. MEMBERSHIP, VOTING, CAPITAL
AND SHARES
• The founding members of the Bank are the Federative Republic of
Brazil, the Russian Federation, the Republic of India, the People’s
Republic of China and the Republic of South Africa.
• The membership shall be open to members of the United Nations, in
accordance with the provisions of the Articles of Agreement of the
New Development Bank. It shall be open to borrowing and non-
borrowing members.
• The New Development Bank shall have an initial subscribed capital of
US$ 50 billion and an initial authorized capital of US$ 100 billion. The
initial subscribed capital shall be equally distributed amongst the
founding members. The voting power of each member shall equal its
subscribed shares in the capital stock of the Bank.

9. SHARE-HOLDING STRUCTURE

10. PROBLEM ANALYSIS
• BRICS countries are taken world 40% population.
• Global financial crisis.
•Risk of economic fallout.
• Big role of the dollar in trade.
• Declining GDP growth rate.

11. MARKET ANALYSIS
• GDP growth rate in BRICS nations is higher then the developing
nations
• Big players in FDI.
• Massive marketing opportunities.
• Service sector contribution.
• Using human resources .

12. BENEFITS
•It will lessen dependence on the World Bank and IMF.
• Reliable financial source.
• Huge investments in infrastructure
• One country one vote.
• strengthen financial stability and stabilise domestic currency

13. SWOT ANALYSIS
Strength :
• To get cost advantages
• To use resources
• Market opportunities
• Economic developments
Weakness :
• Population problem
• lack of Infrastructure
• Decreasing GDP growth rate

14. SWOT ANALYSIS
Opportunities :
• To expand the market
• To using the regional development
• Monetary resources
Threats :
• Financial crises
• Threats from other unions
• Dollar role

15. CONCLUSION
• BRICS nations have the potential and the resources to form a
powerful economy with greater opportunity’s than any other nation.
• The Modi-Government has to ensure that the Development Bank gets
operationalised soon as funding other develop economies will
increase India’s global clout.
• A stronger BRICS can also have more influence in other multilateral
forums such as the World Trade Organisation and the Climate Change
convention.

16. REFERENCES
• https://en.wikipedia.org/wiki/New_Development_Bank
• http://pib.nic.in/newsite/PrintRelease.aspx?relid=107882
• http://indianexpress.com/article/india/politics/brics-summit-pm-
modi-to-push-for-new-development-bank-in-new-delhi/
• http://www.slideshare.net/rsinhal/brics-nations-future-
bank?related=1
• http://www.slideshare.net/rsinhal/brics-nations-future-bank