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  • Beijing Review

    Consensus and Confidence

    Nov 11, 2021 4 minutes
    By Zhao Wei
    Copyedited by Elsbeth van Paridon

    Investing over $30 billion in 80 projects, from clean energy to digital infrastructure. Setting up a $10-billion emergency assistance loan facility for COVID-19 control. Approving around $9 billion in loans under this program.

    These are a few examples of what the New Development Bank (NDB), a multilateral financial institution established by the BRICS countries—Brazil, Russia, India, China and South Africa, has achieved since its debut in 2015.

    Zhou Qiangwu, NDB Vice President and Chief Administrative Officer, referred to the facts and figures to illustrate the bank’s efficiency at a recent seminar. Yet finance is only one area of the multifaceted collaboration among

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