At its 11th Annual Meeting, held in Moscow, the New Development Bank Board of Governors adopted a new strategy for the Bank’s next five years—not formally designated a ‘five-year plan’ (rather, a ‘New Development Strategy’), but having some of the character of one. It is a new strategy “designed to maintain a clear policy direction over the next five years.”
While continuing to state that infrastructure is the key to the Bank’s assistance to countries in development, the new plan shifts emphasis to digitalization, advanced energy technologies (including nuclear power) and technically advanced innovation.
The plan was introduced by NDB President Dilma Rousseff of Brazil:
“The Bank will be strengthening its role as a platform for cooperation among its members, supporting initiatives in digital infrastructure, energy transition, advanced low-carbon energy technologies, intelligent hospitals, and all sorts of innovation, amplifying the comparative advantages of our member countries.”