New Development Bank (NDB)

Facts for Prelims (FFP)    Source: NDB  Context: The New Development Bank (NDB) has launched its Indian Regional Office (IRO) in Gujarat International Finance Tec-City (GIFT City). Objective: The establishment of the IRO aims to address infrastructure and sustainable development needs in India and Bangladesh, contributing to economic growth and sustainable development in South Asia. …

New Development Bank (NDB)

Topics Covered: Important International institutions, agencies and fora, their structure, mandate. New Development Bank (NDB): Context: Finance and Corporate Affairs Minister Nirmala Sitharaman has urged the New Development Bank (NDB) to consider working closely with India’s new development financing institution for funding infrastructure. Background: NDB has so far approved 18 projects in India, including emergency …