FREQUENTLY ASKED QUESTIONS
NDB’s Sustainable Financing Policy Framework governs the Bank’s issuances of green, social and sustainability debt instruments, including the use and management of bond proceeds, the project selection and evaluation process, and reporting and disclosure.
In 2016, NDB became the first MDB to issue a Green Bond in China Interbank Bond Market. The issuance was aligned with ICMA’s green bond framework and the People’s Bank of China’s Green Bond Guidelines. Similarly, NDB’s debut bond under its EMTN Programme was labelled as a Covid Response Bond and its proceeds were used to fund the medical and social response of the Bank’s member states to the COVID-19 outbreak.
In general, all projects which NDB finances are designed and implemented in a way that avoids, mitigates or compensates for adverse impacts on the environment and social groups, in compliance with the standards set in the Bank’s Environmental and Social Framework, as well as relevant environment and social country systems.