NDB first multilateral agency to open office in Gift City

• New Development Bank (NDB) will become the first multilateral agency to open an office in the Gujarat International Finance Tech City (Gift). 
• New Development Bank (NDB) has received the approval for the same and will open the office in May 2022 in GIFT City.
• NDB was set up by the BRICS countries (Brazil, Russia, India, China, and South Africa). Headquarters- Shanghai, China.

Points to remember:

1. first multilateral agency to open an office in the Gujarat International Finance Tech City (Gift)? -NDB
2. Old name of New Development Bank?- BRICS Bank
3. Headquarters of NDB?- Shanghai, China

Source: economic times