The New Development Bank (NDB) and the Export-Import Bank of China (China Eximbank) signed a Memorandum of Understanding, which provides a framework for strategic, technical, and operational cooperation between the two institutions. The Memorandum was signed by Mr. Marcos Troyjo, NDB President, and Mr. Wu Fulin, the President of China Eximbank, at the head office of China Eximbank in Beijing.
Under the Memorandum, NDB and China Eximbank are encouraged to explore cooperation opportunities through various means, including but not limited to joint participation in financing infrastructure and sustainable development projects. The cooperation between the two institutions will focus on green finance, renewable energy, trade-enabling infrastructure, social infrastructure, among other areas of mutual interest.
“We, at the New Development Bank, attach great importance and high expectations to the partnership with China Eximbank. Trade and infrastructure represent indispensable pillars for NDB’s member countries.” said Mr. Marcos Troyjo. “With the signing of this Memorandum, we seek to deepen and broaden our cooperation in order to advance our shared development agenda.”
“China Eximbank is willing to actively explore feasible cooperation modalities with NDB, promote multilateral and bilateral cooperation with NDB and the BRICS countries, and jointly provide financing support to projects of mutual interest.” Mr. Wu Fulin added.
The signing of this Memorandum of Understanding laid the foundation for the two banks to carry out broader cooperation.
