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The New Development Bank loans $100 million to Shanghai’s rural bank for green energy and infrastructure.
The New Development Bank has agreed to provide $100 million in five-year RMB funding to Shanghai Rural Commercial Bank for the Greener Shanghai Project, supporting clean energy, environmental protection, and digital infrastructure.
The loan aims to advance Shanghai’s sustainability and economic development goals, aligning with China’s dual carbon objectives.
NDB Vice-President Roman Serov called the deal a step toward measurable environmental and economic benefits, while SHRCB Chairman Xu Li highlighted green finance’s role in global transformation.
The NDB, based in Shanghai and founded by BRICS nations, continues to support sustainable development in emerging economies.
El Nuevo Banco de Desarrollo presta $100 millones al banco rural de Shanghái para energía verde e infraestructura.