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: 亚洲男人在线 | 久久99精品九九九久久婷婷 | 好叼操这里只有精品 | 国产精品资源在线 | 99九九成人免费视频精品 | 国产亚洲免费观看 | 国产精品v在线播放观看 | 免费一级α片在线观看 | 国产视频精品久久 | 中文在线观看视频 | 一级毛片aaaaaa视频免费看 | 久久国产成人精品麻豆 | a级毛片高清免费视频 | avtom影院入口永久在线观看 | 欧美一级淫片a免费播放口aaa | 全高清特级毛片 | 欧美一级毛片欧美毛片视频 | 日韩美女啪啪 | аⅴ资源天堂8在线 | 国产欧美综合精品一区二区 | 国产成人精品午夜免费 | 日本乱人伦片中文字幕三区 | 在线观看国产精品入口 | 国产美女一区二区在线观看 | 日本午色www高清视频 | 久草视频网| 中文字幕一二三区 | 国产乱子伦视频大全 | 午夜爽爽爽视频 | 国产综合视频在线观看一区 | 一级淫片免费视频 | 国产日产精品_国产精品毛片 | 九九视频精品全部免费播放 | se94se最新网站 | 日本无卡码免费一区二区三区 | 欧美日韩高清不卡一区二区三区 | 免费一级α片在线观看 | 欧美成人性生活视频 | 精品久久在线 | 国产精品欧美激情在线播放 | 日本美女福利视频 |