Consider the following statements with reference to the New Development Bank (NDB):
1. It is a multilateral development bank jointly founded by the BRICS countries.
2. To fulfil its purpose, the Bank supports public or private projects through loans, guarantees, equity participation and other financial instruments.
3. The Bank’s membership is limited to BRICS countries only.
Which of the statements given above is/are correct ?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3