September 15, 2023; Wuhan, Hubei — NDB’s President and Board Member, H.E. Mrs. Dilma Rousseff; Mr. Dondo Mogajane, Chairperson of the Board and Director for South Africa; Mr. Zhijun Cheng, Director for China; Ms. Thuraiya Alhashmi, Director for the constituency of Bangladesh, United Arab Emirates and Egypt, together with NDB’s Vice Presidents met with Mr. Wang Zhonglin, Deputy Secretary of the CPC Hubei Provincial Committee and Governor of the Hubei Provincial People’s Government and his delegation in Wuhan, Hubei Province, China.
H.E. President Dilma Rousseff spoke about NDB’s successful partnership with Hubei Province in financing COVID-19 relief efforts. She also briefed Governor Wang about NDB’s membership expansion to help create a more multipolar international order and NDB’s efforts to deepen local capital markets of its member countries.
“China is an example to the world on comprehensive development. The ‘dual circulation’ strategy and a commitment with a high quality technological and innovative development explain the good results obtained by its leaders. I am very proud of our partnership with Hubei Province on fighting COVID-19 together and we look forward to driving sustainable and inclusive growth by investing in such areas as health, transportation, renewable energy, digital development and education, while safeguarding the ecology and the environment,” said H.E. Mrs. Dilma Rousseff.
Governor Wang highlighted the unique advantages of Hubei Province in driving inclusive economic growth in China given its central location, logistical and transportation potential, presence of rich natural resources, richness in science and educational institutions of eminence. He also spoke about how Hubei Province is focusing on the ecological mindset of safeguarding mountains, rivers, and wetlands while driving economic growth, as highlighted by President Xi Jinping.
Governor Wang thanked the New Development Bank for providing timely financial support to Hubei Province during COVID-19, which helped accelerate the prevention and recovery efforts. Highlighting synergies with NDB’s General Strategy 2022-2026, the Governor highlighted NDB’s focus on supporting low carbon development of its member countries.
NDB’s delegation is on a two-day visit to Hubei Province. They will visit health facilities in Jingzhou on September 16, which were financed through NDB’s RMB 7 billion COVID-19 Emergency Assistance Loan.
About NDB
The NDB was established in 2015 by Brazil, Russia, India, China, and South Africa to mobilise resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries. In 2021, NDB initiated membership expansion and admitted Bangladesh, Egypt, United Arab Emirates and Uruguay as its new member countries. As of December 31, 2022, the Bank’s portfolio stands at USD 30.2 billion for 85 projects across sectors such as clean energy, transport, water and sanitation, environmental protection, social, and digital infrastructure.
For more information on NDB, please visit www.ndb.int. For more information on NDB’s COVID-19 Response Programme, please visit: www.ndb.int/projects/covid-19-emergency-assistance-info-hub.