New Development Bank stands ready to provide support to China and join hands with partners in addressing the spread of coronavirus
On February 11, 2020, the New Development Bank (NDB) issued the following statement on the outbreak of novel coronavirus in China:
The New Development Bank highly appreciates China’s great efforts and effective measures aimed at curbing the spread of the novel coronavirus. We are confident in China’s epidemic prevention and control ability as well as measures taken by the Chinese Government so far to prevent the spread of infection, including the allocation of more than RMB 71 billion in funds (approx. USD 10 billion) to contain the coronavirus. At the same time, the NDB is ready to provide its contribution, in line with the Bank’s mandate.
The NDB is fully committed to supporting China in the time of calamity. The Bank stands ready to provide its full support, including emergency financing, and now is in the process of consultations with the Chinese Government concerning specific actions. We also look forward to working together and joining hands with our partners, including other multilateral development banks, in supporting the capacity of our member countries to deal with public health emergencies.
At this difficult time for China, the management and staff of the New Development Bank would like to express sincere and profound feelings of sympathy over the coronavirus outbreak. Our thoughts are with those affected by and fighting this health challenge for China and the rest of the world.