Colombia Joins BRICS’ New Development Bank

Source: Metrópoles | Original Published At: 2025-12-29 12:29:03 UTC

Key Points

• Colombia becomes the newest member of the New Development Bank (NBD), a key BRICS financial institution.
• Membership enables access to competitive financing for infrastructure, energy transition, and state modernization projects.
• While not a full BRICS member, Colombia gains proximity to BRICS decision-making and potential future cooperation opportunities.
• Focus areas include railways, renewable energy, and sustainable supply chains with expected short-to-medium term impacts.
• President Gustavo Petro's move aligns with diversifying Colombia's international financial partnerships.