Summary
The Seventh Annual Meeting of the Board of Governors of the New Development Bank was held virtually on May 19, 2022, under the chairmanship of India, with the theme “NDB: Optimising Development Impact.”
During the Meeting, the Board of Governors approved the Bank’s General Strategy for 2022–2026, which sets the course for the NDB’s evolution into a leading provider of solutions for infrastructure and sustainable development, for emerging market economies and developing countries.
The Meeting highlighted that in the 2022–2026 strategy cycle the Bank will focus on maximising development impact by enhancing its role in resource mobilization, to support an increasingly diversified portfolio of high-quality projects.
NDB also announced the launch of its Indian Regional Office in Gujarat International Finance Tec-City (GIFT City), in India.
The Seventh Annual Meeting of the Board of Governors of the New Development Bank was held virtually on May 19, 2022, under the chairmanship of India, with the theme “NDB: Optimising Development Impact.”
During the Meeting, the Board of Governors approved the Bank’s General Strategy for 2022–2026, which sets the course for the NDB’s evolution into a leading provider of solutions for infrastructure and sustainable development, for emerging market economies and developing countries.
The Meeting highlighted that in the 2022–2026 strategy cycle the Bank will focus on maximising development impact by enhancing its role in resource mobilization, to support an increasingly diversified portfolio of high-quality projects.
NDB also announced the launch of its India Regional Office in Gujarat International Finance Tec-City (GIFT City), in India.
Statements by Board of Governors Members
- Statement by the Minister of Finance of the Republic of India, H.E. Mrs. Nirmala Sitharaman (Governor for India, Chairperson of the Board of Governors)
Statement by the Minister of Finance of the People’s Republic of China, H.E. Mr. Kun Liu (Governor for China)
Statement by the Deputy Minister of Finance of the Republic of South Africa, H.E. Mr. David Masondo (Alternate Governor for South Africa)
Statement by the Deputy Minister for Foreign Trade and International Affairs of the Federative Republic of Brazil, Mr. Roberto Fendt Junior (Temporary Alternate Governor for Brazil)
Statement by the Minister of Finance of the Russian Federation, H.E. Mr. Anton Siluanov (Governor for Russia)
Statement by the Secretary, Economic Relations Division, Ministry of Finance of Bangladesh, H.E. Ms. Famita Yasmin (Alternate Governor for Bangladesh)
Statement by the Minister of State for Financial Affairs of the United Arab Emirates, H.E. Mr. Mohamed Bin Hadi Al Hussaini (Governor for UAE)
President’s statement
“NDB is gaining scale and relevance. We are delivering on the vision of our founders.”
“As we look towards the future, we want to make sure NDB is always enhancing the quality of its projects. Our duty is to optimize development impact.”
Key Announcements
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