Which among the following country has least contribution in the capital of the New Development Bank (NDB)?

Which among the following country has least contribution in the capital of the New Development Bank (NDB)?
[A]Brazil
[B]India
[C]South Africa
[D]Russia

South Africa
The New Development Bank (NDB) is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) started its operations from its headquarters in Shanghai, China. The eminent banker, K V Kamath from India appointed as the first President of NDB for five years till 2020. The NDB will have an initial capital of $50 billion, which will be raised to $100 billion within the next couples of years. China will contribute $41 bn while India, Brazil and Russia will each pump in $18 bn while South Africa’s contribution would stand at $ 5 billion. The purpose of the bank is to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries in the world.

Comments

  • Pravesh Rathore
    Reply

    Each member country will contribute 20% of total capital required.
    Please correct the answer.
    Source: Wikipedia

  • chandu
    Reply

    as for as concerned about contribution about NDB, it is equal of 10b $.
    41, 18, 5 is for contingency fund. both r different i think. can u please check n explain if i am wrong.

  • girjals
    Reply

    Each nation has equal contribution towards capital of 100 b usd. So what are the figures mentioned in your answer?