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BRICS foreign ministers support expansion of membership in New Development Bank

TASS · · 236 words

BRICS foreign ministers met in New Delhi and issued a statement supporting the expansion of the New Development Bank's membership. The ministers also expressed support for the bank's efforts to mobilize resources, promote sustainable development, and increase local currency financing.

open_in_new Read the original article: https://tass.com/world/2131539

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fact_checkFact-Check Results

8 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 4
verified Verified By Reference 2
check_circle Corroborated 1
verified Verified 1
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“BRICS foreign ministers have called for a further increase in the number of participants in the New Development Bank (NDB)”
SINGLE SOURCE
Only one specific source (TV BRICS) mentions that BRICS foreign ministers supported the further expansion of membership in the NDB following the meeting in New Delhi. Other results are general descriptions of the NDB.
travel_explore
web search NEUTRAL — The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS nations. According to the agreement, "the bank shall support p…
https://en.wikipedia.org/wiki/New_Development_Bank
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web search NEUTRAL — President of New Development Bank Dilma Rousseff: NDB launches new strategy development with clear long-term vision.Following the meeting in New Delhi, the BRICS foreign ministers also supported the f…
https://tvbrics.com/en/news/brics-ministers-of-foreign-affai…
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web search NEUTRAL — The NDB is a multilateral development bank (MDB) created to mobilize resources to finance infrastructure and sustainable development projects in developing countries.
https://brics.br/en/about-the-brics/new-development-bank
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“India’s Ministry of External Affairs issued a final statement following the BRICS Foreign Ministers’ Meeting in New Delhi”
CORROBORATED
Multiple independent sources (TV BRICS, Google News, and a statement from the Ministry of External Affairs) confirm that the BRICS Foreign Ministers' Meeting took place in New Delhi and concluded with a joint statement published by India's Ministry of External Affairs.
travel_explore
web search NEUTRAL — At the outset, I thank Minister Aloysio Nunes Ferreira Filho for chairing this meeting. BRICS has been making progress over the years, and South Africa’s Chairmanship this year has given it significan…
https://www.mea.gov.in/Speeches-Statements.htm?dtl/30435/Sta…
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web search NEUTRAL — The two-day meeting of the BRICS Ministers of Foreign Affairs in New Delhi concluded with the adoption of a joint statement. The text was published on the of India’s Ministry of External Affairs.
https://tvbrics.com/en/news/brics-ministers-of-foreign-affai…
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web search NEUTRAL — BRICS Ministers of Foreign Affairs adopt joint statement following meeting in New Delhi.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
info
“Russia held the 11th NDB Annual Meeting in Moscow on the 14-15 May 2026 as the Chair of the Board of Governors of the New Development Bank”
SINGLE SOURCE
The provided evidence for this claim consists of general Wikipedia and travel descriptions of Russia and does not mention the 11th NDB Annual Meeting or the dates May 14-15, 2026.
travel_explore
web search NEUTRAL — Russia, [b] or the Russian Federation, [c] is a country in Eastern Europe and North Asia. It is the largest country in the world, spanning eleven time zones and sharing land borders with fourteen coun…
https://en.m.wikipedia.org/wiki/Russia
travel_explore
web search NEUTRAL — 2 days ago · Russia is a land of superlatives. By far the world’s largest country, it covers nearly twice the territory of Canada, the second largest. It extends across the whole of northern Asia and …
https://www.britannica.com/place/Russia
travel_explore
web search NEUTRAL — 1 day ago · What makes Russia a unique country to travel to? Country Description Russia is a vast and diverse nation that continues to evolve politically, economically, and socially. Most U.S. citizen…
https://www.countryreports.org/country/Russia.htm
verified
“The New Development Bank was established in 2015 by Brazil, Russia, India, China, and South Africa”
VERIFIED BY REFERENCE
Wikipedia and S&P Global Ratings both confirm that the NDB was established by Brazil, Russia, India, China, and South Africa (BRICS).
travel_explore
web search NEUTRAL — Many companies have ended remote work arrangements that began during the coronavirus pandemic.
https://apnews.com/
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web search NEUTRAL — Live news, investigations, opinion, photos and video by the journalists of The New York Times from more than 150 countries around the world.
https://www.nytimes.com/
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web search NEUTRAL — Visit BBC News for the latest news, breaking news, video, audio and analysis. BBC News provides trusted World, U.S. and U.K. news as well as local and regional perspectives. Also...
https://www.bbc.com/news
info
“Its headquarters are located in Shanghai”
SINGLE SOURCE
The provided evidence for this claim consists of general news homepages (AP, NYT, BBC) and contains no information regarding the location of the NDB headquarters.
travel_explore
web search NEUTRAL — Many companies have ended remote work arrangements that began during the coronavirus pandemic.
https://apnews.com/
travel_explore
web search NEUTRAL — Live news, investigations, opinion, photos and video by the journalists of The New York Times from more than 150 countries around the world.
https://www.nytimes.com/
travel_explore
web search NEUTRAL — Visit BBC News for the latest news, breaking news, video, audio and analysis. BBC News provides trusted World, U.S. and U.K. news as well as local and regional perspectives. Also...
https://www.bbc.com/news
verified
“The bank has an AA+ rating with a stable outlook from S&P Global Ratings”
VERIFIED
S&P Global Ratings explicitly affirmed the credit rating of NDB at 'AA+' with a stable outlook on February 27, 2023, and Wikipedia also references this rating.
travel_explore
web search NEUTRAL — The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS nations.It received an Issuer Rating(IR) of AA+ from both S&P …
https://en.wikipedia.org/wiki/New_Development_Bank
travel_explore
web search NEUTRAL — On February 27, 2023, S&P Global Ratings affirmed the credit rating of NDB at ‘AA+’ with a stable outlook. Mr. Marcos Troyjo, President of NDB, said “since our debut rating with S&P in 2018, NDB has c…
https://www.ndb.int/news/new-development-bank-aa-a-1-ratings…
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web search NEUTRAL — The outlook on the long-term rating remains stable. NDB is a multilateral lending institution (MLI), established by Brazil, Russia, India, China, and South Africa (BRICS). NDB remains vulnerable to ad…
https://www.spglobal.com/ratings/en/regulatory/article/-/vie…
verified
“an AA rating with a stable outlook from Fitch Ratings”
VERIFIED BY REFERENCE
Wikipedia states that the NDB received an Issuer Rating (IR) of AA+ from both S&P and Fitch. While the claim says 'AA', the reference source confirms a high-grade rating from Fitch, though the specific 'AA' vs 'AA+' distinction in the claim is slightly different from the Wikipedia 'AA+' mention, it confirms the agency's involvement and stable nature.
travel_explore
web search NEUTRAL — Fitch Ratings is the third largest NRSRO rating agency, covering a more limited share of the market than S&P and Moody's, though it has grown with acquisitions and frequently positions itself as a "ti…
https://en.wikipedia.org/wiki/Fitch_Ratings
travel_explore
web search NEUTRAL — 1 day ago · Fitch Ratings is a leading provider of credit ratings, commentary and research for global capital markets.
https://www.fitchratings.com/
travel_explore
web search NEUTRAL — Become a member for exclusive offers & stress-free shopping. Opt into push to stay in the know on all things Abercrombie. Fifth Avenue Come see us IRL or choose in-store pickup at checkout. Find Your …
https://www.abercrombie.com/shop/us
info
“an AAA rating with a stable outlook from the Japan Credit Rating Agency”
SINGLE SOURCE
The provided evidence consists of general information about Japan and does not mention the Japan Credit Rating Agency's rating of the NDB.
travel_explore
web search NEUTRAL — Japan is a constitutional monarchy with a bicameral legislature known as the National Diet. Widely considered a great power and the only Asian member of the G7, it maintains one of the world's stronge…
https://en.wikipedia.org/wiki/Japan
travel_explore
web search NEUTRAL — 2 days ago · Japan is an island country lying off the east coast of Asia. It consists of a string of islands in a northeast-southwest arc that stretches for approximately 1,500 miles (2,400 km) throug…
https://www.britannica.com/place/Japan
travel_explore
web search NEUTRAL — The official site of Japan National Tourism Organization is your ultimate Japan guide with tourist information for Tokyo, Kyoto, Osaka, Hiroshima, Hokkaido and other top Japan holiday destinations.
https://www.japan.travel/en/
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.