www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

New Development Bank aims to double loans

By Wu Yiyao | China Daily | Updated: 2017-03-02 07:16

The New Development Bank, a multilateral institution established by BRICS countries, hopes to nearly double its 2016 lending this year in an expansion that is forecast to range from $2.5 billion to $3 billion, according to K.V. Kamath, the bank's president.

The bank is planning to raise funds by issuing bonds in India, denominated in the local currency, the rupee, after it issued renminbi-denominated bonds in China in 2016.

New Development Bank aims to double loans

K.V. Kamath, president of the New Development Bank. [Photo provided to China Daily]

The bank has approved seven projects, which is a rapid and sound start for an organization that started slightly more than a year ago, Kamath said. BRICS is an association of five major emerging economies-Brazil, Russia, India, China and South Africa.

"In 2017, predominantly we'll aim at taking up more lending tools and to raise another $2.5 billion for projects spreading over our member countries that are sustainable and do economic good. Virtually, we will try to double the lending of 2016 this year," he said. Kamath, 69, was a veteran banker before joining the NDB.

The bank's focus is meeting the huge infrastructure needs of its member countries, which also is the key to its expansion plans.

"What we are doing here at NDB is only a small fraction of the need. Beyond lending, we would like to act as a catalyst, to get more parties involved in the lending process for projects that contribute to economic growth and sustainability," he said.

Major challenges for the bank lie in the changing global economic situation, which is seeing interest rates rise in developed countries. But developing countries' fast economic growth will help to offset the effects, said Kamath.

"A large part of global economic growth is driven by the members of this bank, the BRICS countries. More than two-thirds of global incremental economic growth comes from our five member countries, particularly India and China. As Brazil, Russia and South Africa start growing faster, which I am sure they will, more opportunities will be brought in," he said.

Kamath also called the China-led Belt and Road Initiative a sound economic program that brings benefits across several countries by investing in a significant way and creating economic momentum. "The program also brings synergy, making regions come together all along the Belt and the Road," he said. "We see it as something that will clearly spur economic activity in the region, and we think that the program is going to succeed."

The seven projects approved by the bank's board of directors in member countries amount to more than $1.5 billion. All projects are coherent with its mandate of supporting infrastructure projects, with more than 75 percent of projects dedicated to infrastructure that will provide such renewable benefits as energy generation, Kamath said.

The bank received an institutional rating of AAA from China Chengxin Credit Rating and China Lianhe Credit Rating. The bank also is in discussions with international rating agencies regarding future projects.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲国产精品免费在线观看 | 国产乱子伦露脸对白在线小说 | 亚洲天堂免费 | 萌白酱粉嫩jk福利视频在线观看 | 一区二区国产精品 | 国产精品a人片在线观看 | 日本黄色美女网站 | 精品视频在线看 | 成年女人毛片免费观看中文w | 国产日韩线路一线路二 | 国产精品九九九久久九九 | 成人国产一区二区三区 | 99国产欧美久久精品 | 揉揉胸摸腿摸下面va视频 | 亚洲自偷自偷图片在线高清 | 亚洲精品久久九九热 | 亚洲日本va午夜中文字幕 | 一二三区视频 | 欧美一级淫片a免费播放口aaa | 九色自拍视频 | 97香蕉久久夜色精品国产 | heyzo国产亚洲高清 | 一区二区三区免费 | 一 级做人爱全视频在线看 一本不卡 | 日本精品视频在线播放 | 真实偷清晰对白在线视频 | 日本在线资源 | 久久免费视频99 | 九九51精品国产免费看 | 色欲麻豆国产福利精品 | 国产精品视频永久免费播放 | 国产在线一区二区三区在线 | 亚洲国产爱久久全部精品 | 国产一级特黄全黄毛片 | 欧美国产日韩一区二区三区 | 亚洲国产成人在线视频 | 国产老鸭窝毛片一区二区 | 老司机午夜在线视频免费观 | 一色屋色费精品视频在线观看 | 99精品热女视频专线 | 欧美成人亚洲 |