BRICS NDB signs first non-sovereign loan in China for $50M sustainable infrastructure projects.

The BRICS New Development Bank (NDB) has signed its first non-sovereign loan in China, providing approximately 358 million yuan (50 million USD equivalent) to the Bank of Huzhou for financing sustainable infrastructure projects in Zhejiang Province, including sectors such as clean energy, energy efficiency, transportation and logistics, and water and sanitation. The loan enables private sector participation in addressing infrastructure backlogs and scaling up investments.

May 28, 2024
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