# New Development Bank

Type: Company

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/new-development-bank-company
Canonical HTML page: https://getfinancebrief.com/entity/new-development-bank-company

## Timeline

- **2023**: Africa deepens stake — BRICS summit admits Egypt and Ethiopia as full members, giving Africa three seats at the table.
- **2011**: South Africa joins — South Africa officially becomes a member, creating BRICS.
- **2006**: BRICS founded — Emerging-economy grouping is formed, initially as BRIC, before South Africa joins.

## Recent coverage (1 stories)

### BRICS' 11-Member Bloc Creates New Development Finance Path
2026-09-13 06:16:36 · Sentiment: Neutral · Impact: 6/10 · Sources: 2

BRICS' expansion and its New Development Bank represent an alternative capital source that bypasses IMF and World Bank conditionality. The 11-member bloc spans four continents and nearly half of world population, potentially shifting sovereign debt dynamics and capital flows. Egypt and Ethiopia's membership adds frontier market exposure for investors.
Full story: https://getfinancebrief.com/story/brics-global-south-development-finance-alternative

---
This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getfinancebrief.com/guides/methodology for the full editorial methodology.