ANNUAL REPORT 2021

MESSAGE FROM
THE PRESIDENT

NDB aims at maximising the
development impact of all the
operations it supports.

Mr. Marcos Troyjo
President of NDB

NDB IN NUMBERS IN 2021

APPROVALS BY AREA OF OPERATION

APPROVALS WITHIN THE YEAR ENDED DECEMBER 31, 2021

APPROVALS FOR PROJECTS IN THE PORTFOLIO AS AT DECEMBER 31, 2021

  • CLEAN ENERGY

  • URBAN DEVELOPMENT

  • DIGITAL INFRASTRUCTURE

  • TRANSPORT INFRASTRUCTURE

  • ENVIRONMENTAL EFFICIENCY

  • MULTI-THEME

  • IRRIGATION, WATER RESOURCE MANAGEMENT AND SANITATION

  • SOCIAL INFRASTRUCTURE

  • COVID-19 EMERGENCY ASSISTANCE

APPROVALS BY TYPE OF OPERATION

APPROVALS WITHIN THE YEAR ENDED DECEMBER 31, 2021

APPROVALS FOR PROJECTS IN THE PORTFOLIO AS AT DECEMBER 31, 2021

  • SOVEREIGN LOANS

  • NON-SOVEREIGN LOANS

  • EQUITY INVESTMENTS

NDB OVERVIEW AND HIGHLIGHTS

NDB was created to be a global Multilateral Development Bank (MDB) with membership open to all members of the United Nations. After an initial establishment phase focused on building solid foundations to operate at scale, the Bank made substantial progress in expanding its membership by admitting the first new members in 2021.

The Road to NDB’s Membership Expansion

June2016

The Board of Governors (BoG) authorised the Management to initiate informal consultations with potential new members

April2017

The BoG approved the Terms, Conditions and Procedures for the Admission of New Members

September2019

The BoG approved the Framework for the Negotiation of Shares and Voting Power with Potential New Members

September2020

The BoG authorised the Management to commence formal negotiations with potential new members recommended by the Board of Directors

November2020

The BoG approved the Rules for the Conduct of Elections of Additional Directors and Alternate Directors

May2021

UAE submitted its Letter of Application to join NDB as a non-borrowing member

June2021

Uruguay submitted its Letter of Application to join NDB as a borrowing member

July2021

The BoG approved the admission of UAE as a nonborrowing member Bangladesh submitted its Letter of Application to join NDB as a borrowing member

August2021

The BoG approved the admission of Uruguay and Bangladesh as borrowing members

September2021

Bangladesh deposited its Instrument of Accession and its NDB membership became effective

October2021

UAE deposited its Instrument of Accession and its NDB membership became effective

November2021

Egypt submitted its Letter of Application to join NDB as a borrowing member

December2021

The BoG approved the admission of Egypt as a borrowing member

New Members at a Glance

  • BANGLADESH

  • EGYPT

  • UNITED ARAB EMIRATES

  • URUGUAY

Key Events in 2021

OPERATIONS APPROVED IN 2021

COVID-19 Emergency Programme Loans

As the COVID-19 pandemic continued to pose challenges to public health systems, social safety nets and broader economic activities, NDB provided additional assistance to its member countries in 2021. In response to their specific needs, the Bank approved two COVID-19-related loans to support China’s and South Africa’s economic recovery efforts and another to finance Russia’s healthcare response. These loans brought the Bank’s cumulative approvals under its Fast Track COVID-19 Emergency Assistance Response Facility to USD 9.2 billion.

Beijing Gas Tianjin Nangang LNG Emergency Reserve Project

Reducing the reliance on coal-fired power, while promoting the use of clean energy is a growing priority on China’s development agenda, as reflected by the ambitious climate goals outlined in its NDC. Although natural gas has been identified as an important substitute for coal, the rapid switch from coal to gas and significant winter demand surge for heating, have led to a supply shortfall in the Beijing-Tianjin-Hebei region, China’s Capital Economic Zone. Due to insufficient natural gas emergency reserve capacity, local natural gas suppliers often fail to meet demand during the peak consumption seasons or when there are significant fluctuations in demand.

Pará II – Transport Infrastructure for Regional Development

Pará is the second largest state in Brazil by area, with an economy focused largely on export-oriented sectors – such as agriculture and mining. The state lies within the Amazon rainforest range, and only about one third of its federal and state roads are paved. Inadequate road infrastructure hampers the state’s internal and external connectivity, affecting its capacity to export products, and limiting the economic development and integration of its municipalities.

Anhui Province Roads Development Project

Anhui is a landlocked province in eastern China, located in the Yangtze River Delta area – a priority region for the Chinese government to develop infrastructure and improve connectivity. Anhui’s major infrastructure challenge includes the need to build and upgrade national and provincial roads, thus accommodating the fast-growing demand for better mobility and connectivity, as well as improving economic integration with the rest of the country. It is also imperative to ensure the sustainability of road infrastructure and the quality of public transport services.

Sorocaba Mobility and Urban Development Project

Located in Brazil’s south-eastern state of São Paulo, Sorocaba is a municipality with a population of close to 700,000. The municipality has been experiencing rapid economic growth, which has improved socioeconomic conditions for its residents. At the same time, fast growth is creating urban mobility and connectivity challenges – such as traffic congestion, inadequate access to public transport in peripheral neighbourhoods, increased transportation costs, and CO2 emissions. To enhance the quality of life of its residents, the Municipality of Sorocaba partnered with NDB to address its urban infrastructure challenges.

Affordable Housing and Urban Development Programme

Despite an increase in the overall housing stock in Russia over the past two decades, the country has been experiencing a shortage of quality affordable housing. One of the key issues in Russia’s housing sector is the rapid degradation of the stock of buildings constructed 50 to 70 years ago using prefabricated materials, many of which are now considered below acceptable living standards. Meanwhile, the insufficient supply of new affordable houses pushed prices higher, making housing less affordable for those on lower incomes.

Himachal Pradesh Rural Water Supply Project

Himachal Pradesh is a state in northern India predominantly composed of mountainous terrain. The region suffers from deficiencies in water supply infrastructure. About 42% of the habitations in the state have limited access to clean drinking water. On average, water is only available for two to three hours a day at about 20 litres per capita. Despite sufficient sources of surface water in the region, infrastructure for treating and supplying piped water is inadequate to meet demand, leading to increased incidence of water-borne diseases.

Qingdao Metro Line Six (Phase 1) Project

China’s coastal city of Qingdao has faced pressure to upgrade its transport infrastructure since the development of the West Coast New Area – a rapidly growing economic district contributing to approximately 30% of the municipality’s GDP and hosting 17% of its population. Low connectivity within the West Coast New Area, limited land availability, high population density and serious congestion in the old South Coast Area hampers the socioeconomic development of Qingdao while increasing pollution due to insufficient public transport.

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THE NEW STRATEGY CYCLE AHEAD

  • FOCUSING ON HIGH-IMPACT PROJECTS

  • MAXIMISING DEVELOPMENT IMPACT

  • MOBILISING RESOURCES FOR DEVELOPMENT

  • PURSUING OPERATIONAL EXCELLENCE

EXPANDING OUR
REACH AND IMPACT

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