Who Is The First Ndb President? The Untold Story

The New Development Bank (NDB) is headquartered in Shanghai, China. K.V. Kamath was the first president of the NDB, serving from its inception in 2015 until 2021.

K.V. Kamath is a highly respected Indian banker with a long and successful career. He served as the chairman and managing director of ICICI Bank, one of India’s largest private banks, from 1996 to 2009. He also served as the chairman of the New Development Bank’s governing board from 2015 to 2021. Kamath is a strong advocate for sustainable development and financial inclusion, and he played a key role in the establishment of the NDB. He was instrumental in shaping the bank’s mission and strategic direction.

The NDB is a multilateral development bank established by the BRICS countries (Brazil, Russia, India, China, and South Africa). It was established to provide financial and technical assistance to developing countries, particularly in the BRICS nations and other emerging economies. The NDB aims to mobilize resources for infrastructure and sustainable development projects.

Kamath’s leadership was critical in the early years of the NDB, as he worked to establish the bank’s operational framework and build relationships with potential borrowers. He also played a key role in securing initial funding for the bank. Kamath left the NDB in 2021 to pursue other opportunities. He continues to be a strong advocate for global development and is a frequent speaker at international conferences. Marcos Troyjo succeeded Kamath as the president of the NDB.