Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Finance

    NDB underlines funding for green areas

    By SHI JING in Shanghai | China Daily | Updated: 2022-10-26 07:10
    Share
    Share - WeChat
    The headquarters of New Development Bank in Shanghai. CHINA DAILY

    Sustainable development will be one of the New Development Bank's major investment themes as it expands investment in emerging markets and developing economies in the next five years, its top executives said at a forum on Tuesday.

    Climate change mitigation will be one focus of the NDB's strategy between 2022 and 2026, as the majority 40 percent of the bank's $30 billion financing to be provided by 2026 has been reserved for such green goals, NDB President Marcos Troyjo said in his address to the forum.

    The development bank will focus on specific areas like clean energy, transportation, water and sanitation, said Troyjo. While social and digital infrastructure is another focus of the NDB's investment targets, the institution will mainly support projects that are climate-and disaster-resilient, technology-enabled and socially inclusive, he said.

    Liu Kun, China's finance minister and the NDB's governor for China, said at the forum that the bank should play a crucial role in helping emerging economies and developing countries to realize green development and address the multiple challenges brought by uncertainties in the global market.

    To help member countries better achieve their sustainable goals, the NDB will increase its presence in capital markets with innovative tools and seek diversified resources, especially from the private sector, said Troyjo.

    Zhou Qiangwu, vice-president of the NDB, said a major trend among multilateral financial institutions is to seek more resources from the private sector, so that the financing can be used to better serve the development of entities in the private sector.

    The NDB will seek more renminbi financing from the onshore bond market. In the next five years, the bank will make more innovative attempts, including equity financing, and roll out insurance policies and diversified loans, he said.

    Apart from supporting member economies' sustainable goals, the NDB will direct 30 percent of its total financing in local currencies between 2022 and 2026. It will also provide 30 percent of the total financing to non-sovereign operations during the same period.

    The bank will also launch financing projects jointly held by other multilateral development banks, according to the NDB's new development strategy.

    Established by Brazil, Russia, India, China and South Africa — BRICS — in 2015, the NDB has approved over 80 projects valued at over $30 billion to date. About 23.3 percent of its financing was denominated in the local currencies of the member countries.

    Although the $30 billion financing may seem relatively smaller compared to that provided by other international organizations, it is still a big achievement for the 7-year-old NDB, said Zhou. More importantly, the financing provided by the NDB can leverage more capital from the market, which is especially important for infrastructure construction and technology advances among emerging economies, he said.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲?V无码成人精品区日韩| 国模无码人体一区二区| 高潮潮喷奶水飞溅视频无码| 亚洲成a人在线看天堂无码| 亚洲av中文无码乱人伦在线播放| 三级理论中文字幕在线播放 | 最近中文字幕完整版免费高清| 国产成A人亚洲精V品无码性色| 无码国产精品一区二区免费| 亚洲AV中文无码乱人伦下载| 久久99久久无码毛片一区二区| 亚洲AV无码专区电影在线观看| 欧美日韩v中文字幕| 人妻无码中文字幕免费视频蜜桃| 亚洲精品午夜无码专区| 中文字幕51日韩视频| 91天日语中文字幕在线观看 | 日韩AV无码中文无码不卡电影| 91精品国产综合久久四虎久久无码一级| 国产综合无码一区二区辣椒| 中文字幕亚洲精品| 日本免费在线中文字幕| 三级理论中文字幕在线播放| 亚洲国产成人精品无码久久久久久综合| 本免费AV无码专区一区| 无码国产精品一区二区免费式芒果| 精品欧洲av无码一区二区14| 中文字幕精品视频在线| 中文字幕日韩欧美一区二区| 六月婷婷中文字幕| 午夜视频在线观看www中文| 亚洲欧美日韩中文字幕一区二区 | 欧美日韩中文国产va另类电影| 日韩av无码中文字幕| 国产高清中文手机在线观看| 日韩欧美成人免费中文字幕| 久久亚洲中文字幕精品一区四| 中文无码一区二区不卡αv| 中文字幕AV中文字无码亚| 日韩精品无码免费专区午夜不卡 | 亚洲乱亚洲乱妇无码麻豆|