New Development Bank: Helping Build a Better World!
Hey there! Have you ever wondered how countries get money to build schools, roads, or hospitals? 🌟 Let’s talk about the New Development Bank (NDB), which is like a big piggy bank 🐷 helping countries make these things happen!
The NDB was created by a group of countries called BRICS – that stands for Brazil, Russia, India, China, and South Africa. They wanted to help each other and other countries too! 🌎 Over the past 10 years, the NDB has been super helpful in supporting what’s called the “Global South” – that’s a term for many developing countries around the world.
According to Jiang Tianjiao, a smart professor from Fudan University in the Chinese mainland, the NDB is becoming a big engine 🚂 that’s changing how money works around the world! Isn’t that cool?
He believes that as the NDB grows, it will help countries work together better and make the world a happier place. So, next time you see a new school or park, it might just be thanks to the NDB! 🎉
Reference(s):
cgtn.com
