The president of Honduras made the announcement during an official visit to China Honduras has formally requested to join the New Development Bank (NDB) of the BRICS group of major emerging economies, the office of President Xiomara Castro said on Saturday. Castro met with the bank’s president Dilma Rousseff during her six-day official visit to China. Headquartered in Shanghai, the NDB was established by BRICS member states – Brazil, Russia, India, China, and South Africa – back in 2014. The five economies of the bloc account for more than 40% of the world’s population and nearly a quarter of global GDP. The bank
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