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The initial subscribed capital of the NDB is $50 billion divided into paid-in shares ($10 billion) and callable shares ($40 billion). The initial subscribed capital of the bank was equally distributed among the founding members (Brazil, Russia, India, China, South Africa).
NDB’s founding members made an initial subscription of five hundred thousand shares totalling USD 50 billion, which include one hundred thousand shares corresponding to a paid-in capital of USD 10 billion and four hundred thousand shares corresponding to a callable capital of USD 40 billion.
ADB operations in India cover more than 20 states, requiring a differentiated approach across and within lower- and higher-income states. Support to lower-income states focuses on basic infrastructure and services to accelerate inclusive growth.
India is a founding member of ADB and its fourth largest shareholder. Since initiating operations in 1986, ADB has been a steadfast partner in supporting India’s development goals. To date, ADB has committed 623 public sector loans, grants, and technical assistance totaling $55.3 billion to India.
IndIa. India was a founding member of the Asian Development Bank (ADB) in 1966. Today, the country is ADB’s fourth-largest shareholder and its top borrower since 2010. Over the past 2 decades, India has witnessed sound economic growth to emerge as one of the world’s fastest-growing economies.
16 Σεπ 2024 · Get the latest World Bank data, research and development indicators for India. Access economy facts, statistics, project information, development research from World Bank experts and breaking news.
The New Development Bank (NDB) is a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS) with the purpose of mobilising resources for infrastructure and sustainable development projects in emerging markets and developing countries (EMDCs).
