New Development Bank: BRICS’ multilateral lender has established itself but has a long way to go

Source: Livemint | Original Published At: 2026-10-12 07:00:17 UTC

Key Points

• The New Development Bank is described as a BRICS multilateral lender envisioned as a development bank for economies of the Global South.
• The article notes that the bank has acquired a good credit rating over its decade of existence.
• It states that the bank still lends too little relative to its capital base.
• It argues that the BRICS bank should now demonstrate the difference it can make.