New Development Bank & India

New Development Bank: The New Development Bank is highlighted as a key multilateral institution to de-risk investments and improve project bankability, potentially increasing its role in financing infrastructure projects.

India: India hosts the meeting and showcases its infrastructure investment strategy, positioning itself as a leader in development finance and potentially attracting more private investment.

New Development Bank: The NDB is the institution Iran intends to join. Its expansion to include Iran reflects its growing role as a financial platform for emerging economies, though it has not confirmed the membership.

India: India hosts the BRICS finance meeting and holds the rotating chairmanship, providing a platform for the announcement. It is a founding NDB member and a key partner for Iran.

New Development Bank: NDB was discussed as a source of infrastructure financing for BRICS projects.

India: India holds the BRICS Chairship and used the conference to push for UN, IMF, and World Bank Group reforms.

New Development Bank: New Development Bank is a marquee institutional investor in National Investment and Infrastructure Fund's existing funds, reflecting international confidence in India's growth trajectory.

India: The additional investment in the National Investment and Infrastructure Fund is expected to accelerate infrastructure development, attract foreign and domestic capital, create jobs, and support India's long-term economic growth vision of becoming a Viksit Bharat by 2047.

New Development Bank: The New Development Bank is cited as a notable achievement of BRICS, but not directly involved in the current discussion.

India: India is a BRICS member; its UPI system is discussed as a potential link in alternative payment systems.

New Development Bank: The New Development Bank was a funding agency for the Kumar Bhaskar Varma Setu project, contributing to the infrastructure development in India — Assam.

New Development Bank: The New Development Bank is cited as a key example of BRICS' efforts to address the needs of developing nations.