Where is the BRICS New Development Bank headquarters located?
Shanghai
BRICS (Brazil, Russia, India, China, South Africa, now expanded with new members) has no permanent secretariat; its chairship rotates among members.
Its main institution, the New Development Bank (NDB), was set up under the Fortaleza agreement of 2014 and began operations in 2015.
The NDB is headquartered in Shanghai, China, and has regional offices in places such as Johannesburg and São Paulo; its first president was K. V. Kamath of India.
Moscow, New Delhi and Brasília are capitals of member countries that host summits by rotation, but they do not house the bank’s headquarters.
Hence, Shanghai.
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