Message from the President

In 2020, the New Development Bank completed its first five-year cycle amid one of the most profound global crises ever experienced by the development community. The public health, social and economic challenges posed by the COVID-19 pandemic required swift and unprecedented action from national and international institutions including our Bank.

NDB stepped up to respond to the urgent needs of its member countries from a very early stage of the pandemic, setting aside a total of USD 10 billion to support immediate measures and economic recovery through its Fast-Track Emergency Assistance Response Facility.

The crisis has also shed light on the intricacies of the many opportunities and challenges that influence development and finance today: the digital economy, connectivity and new infrastructure, the future of work, the fourth industrial revolution, persistent inequality and sustainability.

Throughout the challenging operating environment in 2020 the Bank maintained the quality of our solutions, the speed of our delivery, and our commitment to member countries. Our project portfolio continued to grow. In 2020, the Bank approved 19 loans, adding USD 10.3 billion to our loan book, which totalled USD 24.4 billion at the end of 2020, a 63.6% increase over the previous year’s portfolio.

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Mr. Marcos Troyjo
President

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