In a move that’s shaking up global finance, Colombia and Uzbekistan have officially joined the BRICS-led New Development Bank (NDB) – think of it as the Avengers of emerging economies! 🦸♂️💸 The announcement came during a high-energy press conference in Rio de Janeiro on July 5, with NDB President Dilma Rousseff (yes, Brazil’s former president!) declaring this a win for the Global South.
Rousseff emphasized the bank’s mission to fund sustainable infrastructure projects worldwide, dropping truth bombs like “We’re here to rewrite the rules of development finance.” 🌱💡 With its HQ in Shanghai, the NDB is like a financial TikTok sensation – rapidly gaining followers (more countries are applying to join!).
Why does this matter? The NDB’s expansion could mean more green energy grids in Jakarta, smarter cities in Nairobi, and better transport networks in Bogotá. It’s not just about money – it’s about building a climate-resilient future while keeping things 💯 equitable.
