- The Republic of Uzbekistan has officially become a shareholder of the New Development Bank (NDB), marking a significant milestone in its economic and financial integration with emerging global institutions.
- The country’s membership became effective on June 5, 2026, after it fulfilled all necessary requirements and ratified the NDB Articles of Agreement.
- Uzbekistan has now become the 10th member of the NDB and the first country from Central Asia to join the institution.
New Development Bank (NDB)
- The New Development Bank is a multilateral development bank established by the five BRICS countries – Brazil, Russia, India, China, and South Africa.
- The decision to establish the bank was taken at the 6th BRICS Summit held in Fortaleza, Brazil in 2014
- It became operational in 2015
- Headquarters: Shanghai, China
- Core objective: Mobilising financial resources for infrastructure and sustainable development projects in BRICS countries and other Emerging Market and Developing Economies (EMDCs)
- The New Development Bank allows membership to all United Nations member countries, as per its Articles of Agreement. Since 2021, the bank has gradually expanded beyond its original five founding members.
The current membership includes:
- Founding BRICS members: Brazil, Russia, India, China and South Africa
- Bangladesh (joined in 2021)
- United Arab Emirates (joined in 2021)
- Egypt (joined in 2023)
- Algeria (joined in 2025)
- Uzbekistan (joined in 2026)
In addition, Uruguay, Colombia and Ethiopia have been approved for membership by the Board of Governors. They will become full members once they complete the formal accession process.