On March 20, 2025, the Board of Directors (Board) of the New Development Bank (NDB) convened for its 46th Meeting at the Bank’s Headquarters in Shanghai, China.
Pará Sanitation Development Project
The Board of Directors approved a loan of up to USD 50.0 million to Brazil’s State of Pará, guaranteed by the Federative Republic of Brazil, for the Pará Sanitation Development Project (Projeto de Desenvolvimento de Saneamento do Pará – Etapa Lagos – PRODESAN LAGOS). By implementing a sewage collection and treatment network in neighbourhoods surrounding the water bodies serving as the main water source in Belém Metropolitan Region (BMR) and carrying out preventive and corrective environmental control actions, the Project aims to restore the water sources providing supply to the BMR. The Project will be co-financed by the NDB and FONPLATA Development Bank (FONPLATA), strengthening ongoing collaboration between the two institutions. The Project contributes to achievement of UN Sustainable Development Goal 6 – Ensure availability and sustainable management of water and sanitation for all.
Operations
The Board of Directors received a comprehensive update on the Bank’s robust and dynamic project pipeline. The Board was also briefed on project implementation, disbursement, ESG portfolio and project procurement in non-member countries.
Treasury and Finance
The Board of Directors was updated on the Bank’s funding activities, took note of the Annual Treasury Investment Portfolio Report for 2024, received a comprehensive analysis on the Bank’s loan book, and approved listing the Bank’s Euro Medium-Term Note Programme on the Nasdaq Dubai in the United Arab Emirates and the Bank’s Fourth RMB Bond Programme.
Membership Expansion
The Board of Directors took note of the progress of membership expansion and provided its guidance for the next steps.
Tenth Annual Meeting of the NDB Board of Governors
The Board of Directors recommended that the Tenth Annual Meeting of the NDB Board of Governors be held in Rio de Janeiro, Brazil on July 4-5, 2025.
Committee Meetings
The 34th Meeting of the Audit, Risk and Compliance Committee and the 30th Meeting of the Budget, Human Resources and Compensation Committee were held on March 18, 2025, and March 19, 2025, respectively.