BRICS trade ministers address WTO reform during the pandemic

The bank’s board approved a RMB 7 billion emergency programme loan to help address the health and economic effects of COVID-19.

The RMB 5 billion bond was issued to finance the emergency assistance programme for China, connecting capital raising to pandemic response.

The bank’s board approved a US$1 billion emergency loan, later fully disbursed, to support India’s response to COVID-19.

The US$1.5 billion bond raised funds in international capital markets for emergency response by NDB member countries.

A US$1 billion programme aimed to help Brazil respond to the health and economic impacts of COVID-19.

A declaration set up a business network intended to expand women’s participation in cross-border economic cooperation.

The twelfth summit addressed the pandemic, international economic recovery, security and continued cooperation among the five countries.

The strategy set medium-term cooperation priorities in trade, investment, finance and the digital economy.

At the bank’s sixth annual meeting, governors reviewed emergency lending, plans for new members and infrastructure priorities.

The five agencies signed an agreement for a virtual constellation using existing remote-sensing satellites. Shared observation data could help with climate, disaster and environmental work.