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Share this article Share this article SHANGHAI, April 8, 2021 /PRNewswire/ -- On April 2, 2021, the Board of Directors of the New Development Bank (NDB) approved a USD 1 billion COVID-19 Emergency Program Loan to the Government of the Republic of South Africa for supporting South Africa's economic recovery from COVID-19 (the Loan). The Loan will support the Government of South Africa in its efforts to contain the economic fallout of the pandemic and start economic recovery. The Loan will finance creation of employment opportunities in South Africa, in particular the first phase of the Preside...

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 ...

BRICS bank approves 7 projects, India gets $1 billion Covid-19 emergency program loan BRICS bank approves 7 projects, India gets $1 billion Covid-19 emergency program loan The New Development Bank of the BRICS has approved seven projects for India. The bank will extend a loan of $1 billion to India and Brazil each under Covid-19 emergency program. advertisement UPDATED: December 17, 2020 15:54 IST The BRICS New Development Bank has approved a Covid-19 Emergency Programme Loan worth $1 billion to India for seven approved projects. The Board of Directors of the BRICS New Development Bank (NDB) ...