Explanation:

Correct Answer: [New Development Bank (NDB)]

Notes:

• The New Development Bank (NDB) set up by the BRICS group of nations had admitted the United Arab Emirates, Uruguay and Bangladesh as members in its first expansion push.
• Brazil, Russia, India, China and South Africa, known as BRICS, launched the bank in 2015 and started formal talks with potential new members.
• NDB has initiated its membership expansion and started formal negotiations with prospective members recently.
• NDB has an authorised capital of USD 100 billion, which is open for subscription by members of the United Nations.