Press ReleaseNDB Board of Directors Convened its 50th Meeting in Shanghai

On March 25, 2026, the Board of Directors (Board) of the New Development Bank (NDB) held its 50^th Meeting at the Bank's Headquarters in Shanghai, China.

The Board recommended submission of the Annual Audited Financial Statements of the New Development Bank for the year ended December 31, 2025, and the Annual Audited Financial Statements of the Project Preparation Fund of the New Development Bank for the year ended December 31, 2025, to the Board of Governors for approval. The Board took note of the Treasury Investment Portfolio Annual Report for 2025 and approved the Treasury Investment Business Plan for 2026.

An update on the Bank's project pipeline, including ongoing and prospective operations across member countries, was provided to the Board.

The Board approved the revised Corporate Procurement Policy and the proposed revisions to the Bank's Organisational Structure.

The Board provided its guidance in relation to the membership expansion and the development of NDB's General Strategy for 2027-2031.

The meeting was also briefed on the preparation for the 11^th Annual Meeting of the Board of Governors to be held on May 14-15, 2026, in Moscow, Russia.

The 38^th Meeting of the Audit, Risk and Compliance Committee was held on March 23, 2026. Its agenda included matters related to financial statements, risk management, compliance and internal audit.

The 34^th Meeting of the Budget, Human Resources and Compensation Committee was held on March 24, 2026. The meeting discussed matters pertaining to budget, human resources and ethics.