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Consider the following statements regarding the BRICS New Development Bank (NDB): I. It finances infrastructure and sustainable development projects. II. It uses policy conditionalities similar to the IMF. III. Its headquarters are located in Shanghai. How many of the above statements are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Only one
2Only two✓
3All three
4None

Correct answer

Only two

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Consider the following statements regarding the BRICS New Development Bank (NDB): I. It finances infrastructure and sustainable development projects. II. It uses policy conditionalities similar to the IMF. III. Its headquarters are located in Shanghai. How many of the above statements are correct?

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Consider the following statements regarding the BRICS New Development Bank (NDB): I. It finances infrastructure and sustainable development projects. II. It uses policy conditionalities similar to the IMF. III. Its headquarters are located in Shanghai. How many of the above statements are correct?

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