NDB planning loans for sustainable infrastructure

The New Development Bank plans to put about two-thirds of its loans into sustainable infrastructure development in the next five years, a senior NDB official said on Tuesday.

Sergio G. Suchodolski, the NDB's director-general of strategy and partnerships, noted the plans, announced recently in its General Strategy for 2017-2021, during his address to the 2017 BRICS Youth Forum in Beijing on Tuesday.

The forum is one of the preparatory events ahead of the ninth BRICS Leaders' Meeting scheduled in Xiamen, Fujian province, in September. There, officials from the emerging nations of Brazil, Russia, India and South Africa will join Chinese leaders to discuss issues relevant to members of the association.