Explanation:

New Development Bank (NDB) has been established by the BRICS countries and headquarter at Shanghai, it aims to provide financial support to public and private projects via loans, guarantee equity participation etc.

The authorized capital for NDB is $100 Billion while initial subscribed capital is $50 billion. Initial subscribed capital was equally distributed among the founding members {$10 billion each}. Voting power of each member is equal to the number of its subscribed shares in capital stock.