The NDB Board of Governors initiated the negotiation to expand its membership in 2020. It has now approved the United Arab Emirates, Uruguay and Bangladesh as its first new member countries.
Membership of Bangladesh to NDB has paved way for a new partnership at a momentous time of 50th anniversary of its independence.
After approval of the Board, the country is required to complete its domestic processes and deposit the instrument of accession. Since the beginning of its operations, NDB has approved about 80 projects totaling a portfolio of USD 30 billion. Projects in areas such as transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development are within the scope of the Bank, said a press release of the bank.
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