Peace for development of the African continent

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New Development Bank

The NDB is a multilateral development bank falling under the mandate of the (Brazil, Russia, India, China, South Africa) BRICS blog. The role of the bank is to fund infrastructural & sustainable development in BRICS and other developing economies. Its membership is open to all members of the UN which are emerging economies. The other aims of the bank are to strengthen the financial markets. The NDB is actively engaging in partnerships with multilateral and national development banks as well as commercial banks to complement their efforts in supporting global growth and development. GLAFAD will work towards ensuring that the NDB follows best practices in implementing projects and that it funds environmentally friendly projects. We will also ensure that the NDB does rigorous consultations before embarking on its infrastructural projects.

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