"Table 2 has been constructed by assuming that 15 projects will be approved in 2017, going to 50 in 2021. Table 3 assumes a faster roll out plan and a higher number of projects appraisals annually, going up to 75 in year 2021," the strategy said, describing the tables that introduce growth scenarios for a five-year term.
According to one of the scenarios provided in the General strategy, the Projected Cumulative Loan Approvals are expected to boost up to $44.5 billion by the end of 2021.
The NDB is expected to be “new” in three broad areas: relationships, projects and instruments, and approaches," according to the strategy.
In early April, the NDB Board of Governors approved in principle the development strategy for 2017-2021 subject to amendments. The process of final revision has now been completed.
During the sixth BRICS Summit in Fortaleza in 2014, the leaders of the five countries signed the Agreement establishing the New Development Bank. The inaugural meeting of the Board of Governors of the NDB was chaired by Russia and held on the eve of the Ufa Summit on July 7, 2015. In 2016, the NDB managing board adopted seven projects that imply the funding totaling over $1.5 billion. The NDB is expected to approve approximately 15 projects at the price of $2.5-3 billion in 2017.
