On March 19, 2020, the Board of Directors of the New Development Bank (NDB) made a fast-track response and approved a 7 billion yuan Emergency Assistance Program Loan to China.  

The loan aimed to help provinces of Hubei, Guangdong and Henan with their  urgent and unexpected public health expenditures on controlling COVID-19 , including the purchase of equipments and emergency supply materials and the construction of hospitals, wards and labs. The loan has a 30-year term, with features of low cost, quick disbursement and long maturity.