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New Development Bank Updates


Brics New Development Bank
BRICS Bank lends South Africa $1bn for cities, report says
17th June 2026 By: Bloomberg

New Development Bank is lending South Africa $1-billion for the State to upgrade infrastructure in its eight biggest cities, Business Day reported. The so-called metropolitan municipalities will... 


World Bank president Ajay Banga
World Bank Group launches global platform to improve water security for a billion people
16th April 2026 By: Natasha Odendaal

A new global platform has been launched to help improve water security for one-billion people by 2030, and expand reliable water services and strengthen systems against droughts and floods,... 


National Treasury director-general Dr Duncan Pieterse
R54bn performance-based grant launched to support metro infrastructure delivery
19th March 2026 By: Terence Creamer

The National Treasury has officially launched a R54-billion performance-based grant in a bid to increase investments in water, sanitation, electricity and waste infrastructure services by the... 


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