NDB Board of Directors approves RMB 7 billion Emergency Assistance Program Loan to China to fight COVID-19 outbreak

On March 19, 2020, the Board of Directors of the New Development Bank approved RMB 7 billion Emergency Assistance Program Loan to the People’s Republic of China. The Program is aimed at helping the Chinese Government in combating the outbreak of COVID-19 and it will contribute to China’s ongoing efforts to address the health and economic consequences of the outbreak.

The Program is NDB’s first emergency assistance program in response to an outbreak in its member countries and is also NDB’s biggest loan till date. It will finance urgent and unexpected public health expenditures. The Program will focus on China’s three provinces, Hubei, Guangdong and Henan that are hit the hardest by COVID-19. The Program will support these three provinces in financing their most urgent needs for fighting the spread of COVID-19, and reducing the adverse impacts of the outbreak on their local economies.

The Program will contribute to reducing the loss of human lives and to improving resilience of the public health sector in the three provinces, particularly to strengthening their health emergency response system. The positive impacts will include mitigation of adverse social and economic impacts from the outbreak and recovery of social and economic activities.

Background Information

The NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.
 

新开发银行董事会批准70亿元人民币紧急援助项目贷款支持中国抗击新冠疫情

2020-03-20

2020年3月19日，新开发银行董事会批准贷款金额为70亿元人民币的紧急援助项目。项目旨在帮助中国政府抗击新型冠状病毒疫情（COVID-19），支持中国政府在抗疫过程中为减轻疫情对人们健康和经济生活产生的不利影响所作出的持续努力。

该项目是新开发银行批准的第一个用于支持成员国抗击疫情的紧急援助项目，也是到目前为止新开发银行单笔最大的贷款项目。项目将为因疫情产生的计划外的紧急公共卫生支出提供资金支持。项目将重点支持在中国受疫情影响最严重的三个省份，湖北省、广东省和河南省。项目将为上述省份最迫切的抗疫资金需求提供融资，以最大程度地减轻疫情爆发对地方经济带来的不利影响。

该项目将有助于减少疫情下的生命财产损失，提升三省公共卫生体系，特别是提升公共卫生部门的疾病防控和应急反应能力。本紧急贷款将有力支持中国缓解疫情造成的负面影响，并积极促进社会经济活动有序恢复。

背景信息

新开发银行由巴西、俄罗斯、印度、中国和南非共同成立，旨在为金砖国家等新兴经济体和发展中国家的基础设施和可持续发展项目调动资源，补充多边和区域金融机构为全球增长和发展所做的努力。