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Showing posts from September, 2020

Activities

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Projects edit According to the Bank's General Strategy, sustainable infrastructure development is at the core of NDB's operational strategy in 2017–2021, and the Bank will dedicate about two-thirds of financing commitments in its first five years to this area. The New Development Bank is planning to give a priority to projects aimed at developing renewable energy sources. As it was stated by the Bank, it wants to cooperate with other institutions in accelerating ‘green’ financing expansion and promoting environment protection. The NDB has expressed interest in funding projects that conform to high environmental standards, including those in the field of infrastructure, such as energy, railways and highways in the future. At the same time, according to K. V. Kamath, the NDB President, one of the key strategies of the bank will be financing profitable projects (bankable) with return on capital. The NDB wants "to fund projects that are creative and bring benefits to the loca

Relations With Other Institutions

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Approach edit The Articles of Agreement of the bank say that the NDB was established to complement the existing efforts of multilateral and regional financial institutions for global growth and development. Moreover, the NDB is authorized by its founders to cooperate within its mandate with other international organizations, as well as national entities (public or private), in particular with international financial institutions and national development banks. The NDB President K.V.Kamath stresses that the bank regards other international financial institutions, including IMF and World Bank as partners, not rivals. Asian Development Bank edit In July 2016, the NDB signed with Asian Development Bank (ADB) a memorandum of understanding on strategic cooperation. The two institutions expressed willingness to work together through co-financing and knowledge exchanges in areas including sustainable development projects in renewable energy, energy efficiency, clean transportation, sustainab

Partnerships and Cooperations Agreements

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Multilateral Development Banks edit World Bank Inter-American Development Bank (IDB) Financial Fund for the Development of the River Plate Basin (FONPLATA) European Bank for Reconstruction and Development (EBRD) European Investment Bank (EIB) Asian Infrastructure Investment Bank (AIIB) Eurasian Development Bank (EDB) International Investment Bank (IIB) Development Bank of Latin America (CAF) Asian Development Bank (ADB) National Development Banks edit Development Bank of Southern Africa (DBSA) China Development Bank (CDB) Brazilian National Bank for Economic and Social Development (BNDES) Source: NDB

Logo and Identity

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The logo of the New Development Bank borrows from the mathematical concept of a Mobius strip that symbolizes the idea of continuous transformation. Its nature is not to disrupt but drive change in the existing system from within. The logo consists of a triangle in motion at one end signifying balanced evolution. The other end, moving in the opposite direction, is a propeller that represents speed and dynamism. These two entities are held together by a wireframe, the skeletal basic of infrastructure. The logo is rendered in gradient of green that symbolizes sustainability. This constant motion symbolizes the values that the bank strives to live by – agility, innovation and continuous transformation.