President of the BRICS' New Development Bank on Growing Membership

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The BRICS' New Development Bank (NDB) has announced that the United Arab Emirates, Uruguay and Bangladesh are its three new members. Headquartered in Shanghai, the founding NDB members are Brazil, Russia, India, China and South Africa. As the development lender for emerging economies, the NDB's first membership expansion speaks of its global outreach mission. So with new members joining in, what direction is the bank going? And what does it mean for investors?

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