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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 ...

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) ...