This paper analyses the role of the New Development Bank (NDB) in BRICS+ development cooperation, with a focus on sustainable infrastructure investment. As one of BRICS’ first financial institutions, the NDB seeks to reform global financial governance while balancing national priorities. Through an empirical review of financial statements, strategic documents and project data, the study evaluates the bank’s claims of originality. The findings highlight its role in South-South cooperation and ecological transitions, addressing the core question: What is truly “new” in the New Development Bank?
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João Pedro Braga (2026) studied this question.
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