New Development Bank (NDB)

📢 𝐍𝐃𝐁 𝐈𝐬𝐬𝐮𝐞𝐬 𝐑𝐌𝐁 𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐏𝐚𝐧𝐝𝐚 𝐁𝐨𝐧𝐝, 𝐑𝐞𝐢𝐧𝐟𝐨𝐫𝐜𝐢𝐧𝐠 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐢𝐧 #EMDCs On July 24, 2024, NDB issued an RMB 8 billion, 3-year Panda Bond priced at 2.03% in China’s Interbank Bond market. This transaction marks NDB’s second Panda bond issuance in 2024, following the largest-ever 5-year Panda bond issued in January. The oversubscription of the bond reached 1.7 times, highlighting robust demand and further bolstering investor confidence in NDB’s mandate. With this successful issuance, the total amount of Panda bonds issued by NDB has reached RMB 55.5 billion. Read press release: https://bit.ly/3YlG1AD

NDB hosted its inaugural seminar in Egypt last month to discuss collaboration and commitment towards common goals. With 300 delegates from 20 countries and the top leadership from Egypt and NDB, the event served as a platform to enhance global development and promote south-south cooperation. From fireside chats to insightful sessions, the inaugural seminar successfully fostered partnerships and strategies for sustainable infrastructure, regional connectivity, and climate action. Watch this wrap-up video to catch the highlights of NDB's seminar titled, 'Navigating new horizons.' #NDBSeminar #NDBImpact #EMDCs #SustainableDevelopment Ministry of International Cooperation Rania A. Al-Mashat

📢 #WorkWithUs We have just expanded our list of vacancies with some exciting new opportunities. These are the current open positions 👇 ◾ Professional, Financial Institutions and Markets ◾ Professional, Environmental and Social ◾ Senior Professional, Treasury ◾ Professional, Treasury ◾ Principal Professional, Procurement ◾ Principal Professional, Human Resources ◾ Principal Professional, Corporate Communication ◾ Professional, Information Technology To learn more and to apply, visit: http://ndb.int/careers 📌 Our internship programme is open all year round. See details: https://lnkd.in/gXPGC6fk

NDB recently held a seminar at the Shanghai Clearing House to explore ways to enhance #PandaBond issuances. Since 2016, NDB has been an active participant in the Chinese interbank bond market and is the leading issuer in the Panda Bond market, having issued a total of RMB 47.5 billion in Panda Bonds, with an outstanding balance of RMB 31.5 billion. NDB's newly appointed Vice President and Chief Financial Officer, Monale Ratsoma, spoke at the Seminar highlighting the Bank's aim to diversify currency mix by exploring opportunities in local currency borrowing. Zhang Bo, Deputy Director of the World Bank Loan Project Evaluation Center of the Ministry of Finance, and Ma Jianyang, Chairman of the Shanghai Clearing House, also addressed the audience. Over 100 representatives from regulatory agencies, self-regulatory organisations, financial infrastructure entities, issuers, underwriters, and investors participated in the Seminar. Read more: https://bit.ly/3SaQD1e View event: https://bit.ly/4d1Mdlo

NDB's Independent Evaluation Office today signed a Memorandum of Understanding with Shanghai-based Asia-Pacific Finance and Development Institute to enhance collaboration on evaluation matters. This strategic partnership will leverage the capacities of both the institutions in conducting joint evaluations, developing capacity and sharing lessons and good practices to enhance the impact and sustainability of NDB's activities. The MoU was signed by Ashwani K. Muthoo, Director General of IEO and Wenbin Lu, President, Shanghai National Accounting Institute, AFDI in the presence of Bo Zhang, Deputy Director General, Ministry of Finance of the People’s Republic of China and Alternate Director of China on the NDB Board of Directors. Read more: https://bit.ly/3LnoVKZ 📷: Yili Lao

Shengzhou, a municipality in Zhejiang Province, China, faced significant challenges in water supply and sanitation facilities. In 2019, NDB intervened with a loan of RMB 825 million to build water supply and sewage treatment plants, associated pipelines and a smart water management center. Our ESG specialist, Elisa Xiao, explains how this vital infrastructure will significantly improve the lives of local residents, especially those in rural areas. #NDBImpact #SDG6 #sustainabledevelopment

NDB's Vice President and Chief Administrative Officer, Qiangwu ZHOU, participated in the 15th International Infrastructure Investment and Construction Summit Forum in Macao. The event was attended by government officials, entrepreneurs and academics from over 70 countries and regions. VP Qiangwu Zhou delivered a keynote speech at the thematic forum titled "Green Innovation Empowers New Development of International Infrastructure Cooperation." He highlighted five areas to show how NDB supports green and low-carbon transition in emerging markets through infrastructure investments and financial innovations: ✅ Financing high-impact projects aligned with the United Nations' Sustainable Development Goals and the Paris Agreement. ✅ Issuing green bonds, such as NDB's largest-ever RMB 5-year Panda Bond in January 2024, to support projects in clean energy, water and sanitation and urban mobility. ✅ Leveraging local currencies to mitigate exchange rate risks and reduce borrowing costs for member countries, strengthening the green financial markets of emerging economies in the process. ✅ Adopting 'country systems' in project procurement and environmental and social safeguards to align NDB's operations with member countries' regulatory and policy frameworks while maintaining high standards, for example, supporting "Green Development" initiatives under China's 14th Five-Year Plan. ✅ Organising knowledge sharing and capacity building programs to disseminate best practices in sustainable development and green finance.

On July 5, NDB concluded its 1st USD money market transaction through China Foreign Exchange Trading System, marking a significant step forward in NDB's involvement in the onshore foreign currency market. NDB is the first supranational organisation to join CFETS as a foreign exchange lending member. The successful execution of the foreign currency money market transaction also demonstrates progress in opening up China's interbank market to foreign entities. In 2016, NDB joined CFETS as a member under the China Interbank Market. In 2021, NDB was awarded the "Best RMB/FX Cross Currency Market Member" for the year 2020.

NDB's Board of Governors appoint Mr. Monale Ratsoma as Vice President and Chief Financial Officer, effective July 8, 2024. In the new role, Mr. Ratsoma will oversee the treasury, portfolio management, finance and accounting functions of NDB. 📌 Read the press release: https://bit.ly/3WdLok4

Air transport plays a crucial role in enhancing global connectivity and has significant positive economic and social impact, but it comes with environmental challenges. China's Shanxi province is known for its historical legacy, natural resources, strategic location, and industrial prowess. In 2023, Taiyuan Wusu International Airport (TWIA), Shanxi's largest airport, recorded an annual passenger traffic of 13 million, exceeding its design capacity of 6 million per year by more than two-fold. As the Shanxi Aviation Industry Group (SAIG) looks at expanding TWIA, NDB, the Government of China and SAIG see an opportunity to build a zero-carbon airport, which can offer lessons for future airport development and expansion projects in China and abroad. It will also contribute to China’s goal to curb emissions before 2030 and reach carbon neutrality by 2060. NDB recently held a workshop to discuss international experiences in developing green and low-carbon airports, especially in emerging markets, and transitioning to clean energy sources to achieve energy saving and carbon reduction. Representatives from more than 20 institutions, including the National Development and Reform Commission and the Ministry of Finance of China, relevant departments of the Shanxi provincial government, international financial organisations, research institutes, international consulting companies and civil aviation enterprises, participated in the workshop. The Taiyuan Zero-carbon Airport Project will help generate valuable practical experiences that can guide other airports in their pursuit of a low-carbon transition, thereby building a more sustainable future for the aviation industry.