Membership of the bank is open to members of the United Nations, and the bank supports public and private projects through loans, guarantees, equity participation and other financial instruments.
The 9th Annual Meeting of the New Development Bank will be held in Cape Town from the August 29 to 31, 2024. Picture: Independent NewspapersThe NDB is a multilateral development bank established by BRICS countries to mobilise resources for infrastructure and sustainable development projects.
In addition, the NDB has AA+/AA/AAA long-term international credit rating from S&P Global Ratings, Fitch and JCR3 Conservative risk management and financial policies. “We congratulate Dilma Rousseff, former President of the Federative Republic of Brazil, as President of the NDB and are confident that she will contribute to strengthening of the NDB in effectively achieving its mandate,” the NDB said in its declaration at the 15th BRICS Summit held in August 2023.
During this period, she chaired the Board of Directors of Petrobras, Brazil’s largest and most important company.
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