The New Development Bank has outlined major objectives in the coming years. The focus will be on Africa. The NDB founded by BRICS wants to see changes in the global economy. The New Development Bank will finance infrastructure and digital projects. Investments will also be made in education. Such a policy makes sense considering the jobs of the future will require more skills and knowledge. A fourth industrial revolution is coming and the Global South should not be left behind. The African continent has large amounts of natural resources. This means it is a significant force in the world market. NDB President Dilma Rousseff noted that direct foreign investment in Africa went from 4.9% in 2010 to 8.8 % in 2021. Rousseff described African nations as quality partners. The challenges that remain are related to expanding payment mechanisms Rousseff added. Cooperation, stability of the continent, and banking procedures remain persistent obstacles. Economic growth is not slowing down in Africa. The result of this is that the New Development Bank's importance will be elevated.
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