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.
9th Annual General Meeting taking place at the Cape Town International Convention Centre from Thursday, August 29 to Saturday, August 31.Brazil, Russia, India, China and South Africa
The annual meeting will serve as a critical platform for discussions on how NDB can finance infrastructure and sustainable projects in emerging markets and developing countries with enhanced effectiveness and excellence. The NDB said the choice of Cape Town for the 9th annual meeting was made in consultation and close co-ordination with the government of South Africa, taking into account various factors such as the city's uniqueness, as well as its capacity to host international events.
“This latest campaign builds on the momentum of our highly successful marketing efforts by the Tourism and Place-Marketing Branch within the City's Economic Growth Directorate, which last year reached millions globally – 8,2 million people in US cities like New York, Miami, Washington, and Atlanta; and 3,3 million in São Paulo and Rio de Janeiro in Brazil,” Vos said.
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