In 2014 the New Development Bank was established as an alternative to World Bank by:

BRICS

The correct answer is option (3) –BRICS

BRICS is an acronym that stands for an association of five major emerging economies: Brazil, Russia, India, China, and South Africa. These countries, which are spread across four continents, are known for their significant influence on regional and global affairs, as well as their rapidly growing economies.
Egypt, Ethiopia, Iran and the United Arab Emirates joined the organization on 1 January 2024. The term "BRIC" was initially coined by economist Jim O'Neill in 2001.
BRICS nations also seek to enhance their collective influence on global platforms such as the United Nations, the World Trade Organization (WTO), and the International Monetary Fund (IMF). They hold regular summits, where leaders discuss mutual interests and strategies for collaboration. Additionally, they have established various initiatives and institutions, such as the New Development Bank (NDB), formerly known as the BRICS Development Bank, to support infrastructure and sustainable development projects in member countries and other emerging economies.