NDB: Features & Membership 🤝

The Structure:

• Authorized Capital: $100 Billion.
• Subscribed Capital: $50 Billion (Shared equally by 5 founders).

Membership Expansion: Originally just BRICS. Now open to UN members.

• New Members: Bangladesh, UAE, Egypt, Uruguay.

Unique Features 🌟

1. Rotating Presidency: The President of the bank rotates among the founders. (First was K.V. Kamath from India).
2. Lean Structure: Less bureaucracy than World Bank. Faster loan approvals.
3. No Political Conditions: NDB doesn't tell you how to run your country (unlike IMF). It just funds the project.

Quiz Time! 🎯

💡 Final Wisdom: "Equality is the core of NDB. Even though China's economy is 5x larger than India's, in NDB, they sit at the same table." 🪑

Next up: Criticisms of NDB - Is it perfect? ❌