Expanding Membership in the New Development Bank; Voting Structure Without Veto Rights

Reports on the governance structure of the New Development Bank (NDB) indicate that membership is open to all United Nations member states, provided they accept the bank’s founding agreement requirements and strategic principles.

NDB’s Approach to New Member Admission

Available information shows that the process for admitting new members is gradual and balanced, ensuring that geographic representation, country income levels, shareholder structure, and the bank’s credit rating remain well-aligned.

Voting Structure in NDB

In the decision-making framework of the New Development Bank, no country holds veto power, and voting shares are determined according to each member’s stake.

Distribution of Voting Shares

According to published data, the founding members—China, India, Russia, Brazil, and South Africa—each hold 18.98% of the votes. Egypt holds 2.27%, Bangladesh 1.79%, and the United Arab Emirates 1.04%.