Deputy Prime Minister Alexei Overchuk, who heads
the Russian delegation at the 26th UN Climate Change Conference of
the Parties (COP26), had a meeting with President of the New Development Bank
Marcos Troyjo on the sidelines of event.
They discussed the results of the New Development
Bank’s activities, paying special attention to the current state of the bank’s
Russian loan portfolio and its prospects, including the provision of funding to
the Russian Federation’s regions and Russian corporate borrowers.
Mr Overchuk and Mr Troyjo noted the bank’s
important role in supporting the governments of BRICS countries during their
COVID-19 response efforts and in financing economic recovery programmes.
Mr Overchuk praised the bank’s work to finalise its
new strategy and expressed hope that the New Development Bank would allocate
funding to resolve infrastructure development and climate-related problems, and
to implement energy transition tasks and digital transformation programmes,
provided that it would continue to focus on infrastructure funding and
sustainable development projects as its main areas of operations over the next
five-year period.
