Which multilateral development bank institution is a member of the BRICS grouping's financial architecture?
A
Asian Development Bank
B
African Development Bank
C
New Development Bank (NDB)
D
Asian Infrastructure Investment Bank
Correct Answer: Option C — New Development Bank (NDB)
Explanation:
The New Development Bank (NDB), founded by BRICS nations, serves as the bloc's principal multilateral development finance institution, supporting infrastructure and sustainable development projects among member countries.