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New president of the New Development Bank (NDB)
May 31 , 2020
1794 days
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- Marcos Troyjo has been elected as the new president of the New Development Bank (NDB).
- He is a former deputy economy minister of Brazil and will replace India’s KV Kamath as a president of this multilateral financial institution.
- India’s Anil Kishora will be the bank’s vice-president and Chief Risk Officer.
- K. V. Kamath, from India, was the first elected president of the NDB.
- It is also referred to as the BRICS Development Bank.
- is headquartered in Shanghai, China.
- The first regional office of the NDB is in Johannesburg, South Africa
- It was established by the Fortaleza declaration of BRICS in 2014.
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