The latest news and top stories on New Development Bank. A prominent Shanghai, China-based international financial institution, the New Development Bank (NDB) was established by the BRICS states to mobilise resources for infrastructure and sustainable development projects in emerging economies and developing countries. Its main areas of focus include clean energy, transport, water, environmental protection and digital and social infrastructure. The NDB, with regional offices globally, is recognised for its role in financing crucial development initiatives and complementing existing financial institutions.