New Development Bank
Recently, a one-day Joint India - New Development Bank(NDB) workshop on Enhancing NDB’s engagement with the India private and public sector was held in New Delhi. Consider the following statements regarding NDB:
- The idea to form a new Development Bank to mobilize resources for infrastructure and sustainable development projects was mobilized at fifth annual BRICS summit, held in Durban, South Africa in 2013.
- As of now, NDB’s approved loan proportion to India is 18%, the third highest after China and Russia amongst the BRICS countries.
Which of the following statements given above is/are correct?
Both 1 and 2
Neither 1 nor 2