The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa).
The New Development Bank was formed to support infrastructure and sustainable development efforts in BRICS and other underserved, emerging economies for faster development through innovation and cutting-edge technology. The bank will partner nations through capital and knowledge, achieving development goals with transparency and empathy and creating an equal opportunity for the development of all countries.
The General Strategy of the Bank 2017-2021 lays out how the NDB intends to fulfill its mandate of mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development
As a new multilateral development bank set up by the BRICS nations, the New Development Bank is focused on mobilising resources, both for infrastructure and sustainable development. The Bank is lending in its member countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. Our objective is to supplement the development agenda in our member countries through efficient and result oriented project financing, which is built on the best practices of ethics, compliance and governance. Our headquarters are based in Shanghai, China, and our first regional center is in Johannesburg, South Africa.
We are committed to fostering a diverse work environment built on the pillars of meritocracy, collaboration, result-driven orientation, and organizational efficiency. We are in the process of building a team of young high-achieving individuals who like to challenge the status quo and bring in new ideas, innovation and approaches.
Diversity is one of the NDB’s core values. The NDB is committed to making reasonable efforts to ensure the success of diversity and its corresponding objectives. The NDB encourages all qualified candidates who are nationals of the NDB member countries to apply, regardless of their race, gender, disability, sexual orientation, ethnicity, religion, and marital or family status.
Be a part of our growth and contribute to establishing the next “new practice” in the field of development finance.
You will have an opportunity to chart the growth of the Bank and work with industry experts in a collegial and creative environment, built on collaboration, shared values and mutual trust.
WORKING AT THE NEW DEVELOPMENT BANK
The Bank offers competitive base salary and a comprehensive benefits package that includes health insurance for staff and eligible dependents, life insurance and accidental death & dismemberment insurance for staff, leave benefit, retirement benefit, and post retirement insurance benefit. Our professional staff positions, who are recruited globally, will also receive an additional allowance, at the rate from 10% to 20% of the base salary, along with the competitive base salary. A relocation allowance will also be available to professional staff joining and relocating from third countries to a country of operations. Our professional staff at the Headquarters, will also be eligible for an additional allowance for partial coverage of the cost of their children’s education at international schools in Shanghai. The Children Education Assistance Allowance will be covered at the rate of 75% of the cost of actual tuition fees based on the number of dependent children up to three, with the maximum limit of 25,155USD.