What kind of bank is the New Development Bank?

The New Development Bank is a policy bank and a multilateral development institution, also known as the BRICS New Development Bank. Co-founded by Brazil, Russian, Indian, China and South Africa on 20 14. The nature of the new development bank is an international financial institution, and its goal is to promote the sustainable development and infrastructure construction of member countries and other developing countries by providing financing and technical support.

The responsibilities of the new development bank include providing financial services such as loans, investments and technical assistance to support the economic development and poverty reduction of member countries and other developing countries.

What is the source of funds for policy banks?

The funds of policy banks mainly come from the assets provided by government departments, the financing of financial markets and the support of international investment institutions. Policy banks are professional financial institutions established by government departments to implement the government's economic policies and engage in financial business in specific industries. Its overall goal is not only to pursue profits, but more importantly to serve the government's economic policy.

The focus of policy banks is to provide financial support for specific industries, promote the development and stability of industries and promote the sustainable development of the national economy. These banks provide financial support for the development and improvement of specific industries by providing financial services such as loans, investments and technical assistance.