Shanghai December 29, 2020 / United States / – On December 15, 2020, the New Development Bank The Board of Directors held a 29th meeting in the form of a video conference. The meeting approved five investment projects and committed the total investment of about $ 2.7 billion. The relevant project information is as follows:
The Board approves $ 1.2 billion to the Brazilian national development bank (BNDES) loan for Continuous infrastructure project financing. The project will support a series of sub-projects in Bndes invested in public and private sectors, focusing on sustainable infrastructure development, and implementing relevant Sustainable Development Goals (SDG). The implementation of the above sub-project will promote the Brazilian economy faster, more inclusive, is expected to have a wide range of social and economic benefits. The project will help the Brazilian government to increase sustainable infrastructure investment on important sectors, support social economic growth and development.
(2) Urban-Rural and Social Infrastructure Projects, which are committed to achieving sustainable development goals
The Board approved 135 million euros to the Brazilian farmland to support urban and rural areas. And social infrastructure projects to promote achieving sustainable development goals. This loan will be transmissive through BRDE, facing the Sustainable Infrastructure Industry Loan Party in the southern part of Brazil (including South Rio Grand Dezhou, Balana and Santa Catarina) public and private sector. The project will be a limited resolution of the underlying financing channels to take advantage of problems, helping to resolve the lack of infrastructure and bottleneck factors facing the key departments in the southern part of Brazil.
(3) Couriita Rapid Bus Driving Improvement Project
The Board approved $ 75 million to the Brazilus Cultiba government, used to support fast-bus driving improvement projects. The goal of the project is to encourage citizens to give priority to public transportation, reduce the use of personal transportation, enhance the mobile infrastructure of Kuritiba, Brazil, Brazil, and promote optimization, expansion, etc., improve local social and economic conditions. . The project will provide financial support for the Curita Rapid Bus System (covered by the traffic integration network of Culitiba City) “East and West Corridor” and “Southern Corridor”.
(4) Non-toll road management projects in South Africa
The Board approved to provide no more than $ 1 billion in loans to South Africa for improved transportation infrastructure.
(5) Russian mobile telecommunications company cellular network and cloud service expansion project
The Board approves $ 300 million to Russian Telecom Operators Mobile Telecom (MTS) loans to support cellular networks and Cloud service extension. The project plan provides financial support for mobile telecommunications companies to expand cellular network and cloud services, which will provide a wide range of cloud services to promote the fairness of residents enjoy high-speed Internet access.
The Board approved a $ 1 billion new crown pneumonia urgent assistance project loan during the Reesence period.
(1) Supporting Brazilian economic recovery emergency assistance project loan
On 7 December 20020, the board approval to Brazil provision of $ 1 billion newzigni emergency assistance project loans, support Brazil The federal government guarantees employment and income, broadening the credit channels of SMEs and promoting economic recovery. The loan will provide financial support for the “FGI-PEAC” (FGI-PEAC), increasing the opportunity of SMEs to obtain loan funds in the form of guarantee, helping SMEs to relieve difficulties in short-term liquidity, stabilize business, and strengthen financial Continuous, stable employment and income level.
(2) Supporting India’s economic recovery new crown pneumonia urgent assistance project loan
On December 2020, the Board approved a 10 billion US dollars in newzpi pneumonia urgent assistance project loans to India, support India The government responds to the impact of new crown epidemic, gradually recovered the economy. The loan will be used to alleviate the adverse effects of new crown epidemic on the economy. Through natural resources management, it is necessary to support rural areas, especially due to epidemic, and lose their livelihood, and lose their livelihoods.
In addition, the board of directors listened to the report on the new development banks in the project reserves of Member States, the fund payment of the project, and discussed Libor transition arrangements, financing strategies, country systems. And the topics such as absorbing new members.
Board of Directors 17th audit, risks andThe Conference of the Compliance Committee and the 13th budget, the Human Resources and Remuneration Committee were held on December 14, 2020.
The new development bank is a multilateral development bank, which is established by Brazil, Russia, India, China and South Africa. It is the infrastructure construction and sustainable development project that supports the financial brick countries, other emerging economies and developing countries, supporting multilateral and regional financial institutions to promote global growth and development efforts. According to the 2017-2021 overall strategy, sustainable infrastructure development is the core of the business strategy of the bank. New Development Bank has obtained the “AA +” long-term issuer credit rating of Huixi Rating and the global rating, as well as the “AAA” foreign currency issuer rating in Japan Credit Rating Institution (JCR) and Analytical Credit Rating Institutions (ACRA).