The New Development Bank (NDB), set up by the BRICS countries, will devote about two-third of its loans to sustainable infrastructure development in the next five years.<br/>' <br/>Announcing this in Beijing the bank in its General Strategy 2017-2021 said the physical infrastructure is a critical enabler of economic growth and sustainability is essential for the physical and social environment of current and future generations.<br/>'<br/>The NDB also retains the flexibility to provide funding to other areas including traditional infrastructure and sustainable development projects in line with the borrowing country's overall development agenda.<br/>'<br/>The NDB was founded by BRICS nations — Brazil, Russia, India, China and South Africa during their fifth summit in Fortaleza in July 2014 and was launched a year later.<br/>'<br/>''''''<br/>