NDB to help emerging economies

Bank chief outlines measures taken to advance growth in member countries

With open arms to more potential members, the New Development Bank will make greater efforts to advance economic growth in emerging economies and help address pressing tasks such as climate change, said Dilma Rousseff, president of the New Development Bank.

To help emerging countries achieve stable development and avoid crises, the NDB is positioned to facilitate sound development in infrastructure in logistics, education, digital services and healthcare, Rousseff said during an interview in September after she received the Chinese Government Friendship Award — the highest honor that China gives to foreign experts who contribute to the nation's development.

Indeed, the NDB has been stepping up its efforts to finance infrastructure projects in member countries. Headquartered in Shanghai, the NDB has cumulatively approved loans of $35 billion for about 100 projects.