BRICS Women’s Business Alliance is established

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.

Ministers issued a joint statement on the multilateral trading system and reform of the WTO amid pandemic disruption.

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.

The virtual summit maintained cooperation in public health, economic recovery and multilateral governance during the COVID-19 pandemic.