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NDB Board of Directors Held 29th Meeting in Virtual Format, Approved Seven Projects
SHANGHAI, Dec. 17, 2020 /PRNewswire/ -- The Board of Directors (Board) of the New Development Bank (NDB) held its 29th Meeting in a virtual format on December 15, 2020.
At the Meeting, the Board approved five investment projects with a total commitment aggregating to approx. USD 2.7 billion.
BNDES-NDB Sustainable Infrastructure Project
The NDB Board approved a loan of USD 1.2 billion to the Brazilian Development Bank (BNDES) for the BNDES-NDB Sustainable Infrastructure Project. The NDB loan will support BNDES in financing sustainable infrastructure sub-projects in the public and private sectors with the scope of works focused on developing sustainable infrastructure aiming at the achievement of selected Sustainable Development Goals (SDGs). As a critical enabler of faster and inclusive economic growth, the infrastructure development of the sub-projects is expected to deliver a wide range of socio-economic benefits to Brazil. The Project will contribute to the efforts of the Government of Brazil to support socio-economic growth and development through sustainable infrastructure investments in key sectors.