On December 5, Zhang Wencai, Vice President of the Export-Import Bank of China and Vladimir Kazbekov, Vice president and Chief Operating Officer of the New Development Bank(hereinafter referred to as NDB) held talks in Beijing and signed a Cooperation Framework between the two banks.

During the talks, Vice President Zhang Wencai said that the Export-Import Bank highly values its cooperation with NDB. In recent years, the two sides have achieved fruitful cooperation results in areas such as on-lending business, treasury business and knowledge exchange. He hoped that the two sides could further seize cooperation opportunities, carry out deeper cooperation in key regions and fields within and outside China, give play to their respective advantages, and jointly bring bilateral cooperation to a higher level. Vice President Kazbekov said that there is huge room for cooperation between NDB and the Export-Import Bank, and the Cooperation Framework will be conducive to further deepening cooperation between the two banks. The two sides will strengthen financing cooperation under the guidance of the Cooperation Framework and jointly support the economic and social development of the NDB member countries. In addition, the two sides also exchanged views on key areas of cooperation, regions and countries, and diversified ways of cooperation in the future.

According to the Cooperation Framework, the two sides will carry out financing cooperation through syndication, co-financing and parallel financing in the infrastructure and sustainable development field such as clean energy, transportation, telecommunication, as well as in the field of climate change adaptation and mitigation. The two sides also agreed to hold regular meetings to enhance information sharing and exchange on potential cooperation projects, macroeconomics, risk assessment and other topics. Through these measures, the two sides will jointly enhance their role in promoting regional and global economic and social development.