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In August 2017, New Development Bank (NDB) approved 1.4 billion loan for development projects in India, Russia, and China. Where is NDB headquarter?

  1. A
    Shanghai
  2. B
    Beijing
  3. C
    Moscow
  4. D
    Washington

Solution & Step-by-step Explanation

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, was established by the BRICS states (Brazil, Russia, India, China, and South Africa). The headquarters of the bank is located in Shanghai, China.

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In August 2017, New Development Bank (NDB) approved 1.4 billion loan for development projects in India, Russia, and China. Where is NDB headquarter?
A
Shanghai
B
Beijing
C
Moscow
D
Washington

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Financial InstitutionsNDBBRICS

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