Which of the following is the initiative of BRICS?

Correct option is D

The correct answer is (d) New Development Bank

Explanation:
• The New Development Bank (NDB) is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China, and South Africa).
• It was founded with the objective of mobilizing resources for infrastructure and sustainable development projects in BRICS countries and other emerging economies.
• The NDB's creation was agreed upon in the Fifth BRICS summit in Durban in March 2013, and the agreement establishing the bank was signed at the Sixth BRICS summit in Fortaleza in July 2014.

Information Booster:
• The NDB is headquartered in Shanghai, China.
• It has an initial authorized capital of $100 billion USD.

Additional Knowledge:
(a) Regional Anti-Terrorist Structure .:
• This is an initiative of the Shanghai Cooperation Organisation (SCO), focused on countering terrorism and extremism within the region.

(b) Asian Infrastructure Investment Bank (AIIB) .:
• While a major development bank, the AIIB is a separate initiative primarily led by China, and not specifically a BRICS initiative.

(c) FATF .:
• The Financial Action Task Force (FATF) is a global intergovernmental body that sets standards and promotes effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and related threats. It is not a BRICS initiative.