NDB
What Does NDB Mean in a Text?
NDB means "New Development Bank."TL;DR
The New Development Bank (NDB) is a financial institution established by the BRICS countries: Brazil, Russia, India, China, and South Africa.Created to fund infrastructure and sustainable development projects, the NDB serves as an alternative to Western-led financial organizations like the World Bank and IMF.
More Details
The NDB is an international financial institution founded in 2014 by the BRICS nations - Brazil, Russia, India, China, and South Africa. The primary mission of the NDB is to support public or private projects through loans, guarantees, and other financial instruments. The focus is mainly on infrastructure development and sustainable growth in the BRICS countries, as well as in other emerging and developing nations.The NDB aims to fill funding gaps in development finance and offers an alternative to traditional Western-dominated financial organizations, such as the World Bank and the IMF. With an initial authorized capital of $100 billion, the bank has financed numerous projects, ranging from renewable energy to water treatment and transportation.
Although the NDB is still relatively young, it represents a significant step toward reshaping the global financial architecture. It underscores the growing influence of emerging economies in international financial governance and promotes a more multipolar world.
Image for NDB
When I write NDB, I mean this:
THE NDB is a financial institution established by the BRICS countries.
Summary of Key Points
"New Development Bank" is the most common definition for NDB on Snapchat, WhatsApp, Facebook, Twitter, Instagram, and TikTok.| NDB | |
|---|---|
| Definition: | New Development Bank |
| Type: | Abbreviation |
| Guessability: |  4: Difficult to guess |
| Typical Users: |  Specialists |
An Academic Look at NDB
NDB is classified as an initialism abbreviation, as it is pronounced one letter at a time.Other examples of initialisms are: Initialisms are different to acronyms, which are abbreviations spoken as words. For example:
Example of NDB Used in a Text
NDB
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