New Development Bank — Prelims Strategy
Prelims Strategy
For Prelims preparation on NDB, focus on memorizing key factual details: headquarters (Shanghai), authorized capital (US 50 billion), founding year (2015), first President (K.
V. Kamath), and current membership (9 countries). Create a comparison table with World Bank, IMF, and AIIB highlighting governance structure, capital contribution, and operational differences. Pay special attention to recent developments like new member additions (Bangladesh, UAE, Uruguay, Egypt) and major project approvals in India.
Practice elimination techniques by understanding common traps: confusing Mumbai regional office with Shanghai headquarters, mixing up capital figures, and incorrectly identifying member countries. Use mnemonics for member countries: 'BRICS + BLUE' (Bangladesh, UAE, Uruguay, Egypt).
Focus on India-specific aspects: contribution amount, major projects (Mumbai Metro, Rajasthan Solar Park), regional office location, and emergency assistance received. Stay updated on current affairs through monthly NDB project approvals and policy announcements.