On May 30, 2025, the Board of Directors (Board) of the New Development Bank (NDB) convened its 47th Meeting at the NDB Headquarters in Shanghai.
Operations
The Board approved the amended General Conditions (Loans to Sovereigns or Loans with Sovereign Guarantees).
During the meeting, an update on the Bank’s strong and dynamic project pipeline was provided to the Board. Members of the Board were briefed on project implementation, disbursement as well as project procurement in non-member countries.
The Board engaged in a discussion on the benefits and value additions of NDB projects, underscoring that supporting infrastructure and sustainable development projects that bring development impact to the Bank’s member countries and the international community remains an overarching objective for NDB, in line with the General Strategy for 2022–2026.
Treasury and Finance
An update on funding for Q1 2025 was presented to the Board. It also evaluated the extension of the single currency funding limit and approved the Treasury Contingency Plan.
Membership Expansion
The Board warmly welcomed that Algeria had been become a full member of NDB on May 19, 2025
Tenth Annual Meeting of the NDB Board of Governors
The Board took note of the preparation work for the upcoming Tenth Annual Meeting of the Board of Governors, scheduled to take place on July 4-5, 2025, in Rio de Janeiro, Brazil.
Committee Meetings
The 35th Meeting of the Audit, Risk and Compliance Committee and the 31st Meeting of the Budget, Human Resources and Compensation Committee were held on May 29, 2025.