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Share this article Share this article SHANGHAI, April 21, 2021 /PRNewswire/ -- On April 20, 2021, the New Development Bank (NDB) priced its 5-year USD 1.5 billion benchmark bond. This transaction is the third USD benchmark bond offering of the Bank in the international markets. The net proceeds of the Bond will be used for financing sustainable development activities as well as COVID-19 Emergency Program Loans to the Bank's member countries. The NDB established the Emergency Assistance Facility in April 2020, to provide up to USD 10 billion in crisis-related assistance to its member countries...

The New Development Bank (NDB) approved a $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 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 Presidential Employment Stimulus (PES) aimed to create and support about 700,000 job opportunities in the public sector, together with social...

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...

What the Student Loan Payment Relief Extension Means for You You guys, we all know 2020 was insane. But here’s some good news: You may not need to make student loan payments until October of this year because the student loan relief that came from the CARES Act has been extended through Sept. 30, 2021. Let’s talk about what this actually means so you know what’s happening, and so you can get that student loan debt out of your life for good. What Did the CARES Act Do? The CARES Act (or Coronavirus Aid, Relief, and Economic Security Act) was a stimulus bill passed by Congress in the earl...

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 ...