The New Development Bank (NDB), backed by BRICS nations, is preparing to launch its first Indian rupee-denominated bond in the domestic market before the end of March 2026, according to three sources familiar with the plan.

Algeria has officially become a member of the New Development Bank (NDB), a financial institution established by the BRICS group of emerging economies, according to an announcement by NDB President Dilma Rousseff.

Indonesia will join the New Development Bank, a multilateral bank established by BRICS member nations, President Prabowo Subianto announced on Tuesday.

Pakistan is reportedly buying a stake in the BRICS-backed New Development Bank (NDB), a move that could help Islamabad diversify credit options and reduce its dependence on the World Bank and the International Monetary Fund (IMF).

The New Development Bank (NDB), created by BRICS member states, has announced the issuance of five-year bonds worth RMB 6 billion (approximately $845 million) on the Chinese interbank bond market, according to a statement from the bank's press service.

Practical cooperation has consistently served as the cornerstone of the BRICS mechanism, with the establishment of the New Development Bank (NDB) being a notable example, News.Az reports citing CGTN .

Algeria has been authorised to become a member of the BRICS New Development Bank (NDB), the bank's president, Dilma Rousseff, said on Saturday, News.az reports citing Reuters .