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Liu Kun delivered opening remarks at the NDB Workshop on New General Strategy via video link

October 25 |Print |Mail |Large    Medium    Small

On October 25, the New Development Bank (NDB) and the Ministry of Finance of China co-hosted a workshop on NDB New General Strategy in Shanghai. Liu Kun, Minister of Finance of China, delivered opening remarks via video link.

Liu Kun pointed out that, in the past 7 years since its inception, NDB has achieved fruitful results, and has become a landmark achievement of and a significant platform for BRICS cooperation. At the 14th BRICS Summit held on June 23, 2022, Chinese President Xi Jinping pointed out that “We should support greater development of the New Development Bank and a steady process to admit new members”. The Chinese government, as always, attaches great importance to and supports the development of NDB. China, as the BRICS Chair of 2022, took the initiative to incorporate the NDB-related topics into the outcomes of this year’s summit and expand the Bank’s presence.

Liu mentioned that, our world today is undergoing profound changes unseen in a century, and global development has entered a new phase of uncertainty and transformation. NDB should take the implementation of its new general strategy as an opportunity to uphold its mission to facilitate its member countries’ implementation of the UN’s 2030 Agenda for Sustainable Development. NDB should keep advancing membership expansion with the spirit of openness and inclusiveness. By upholding true multilateralism, the Bank should make itself a “BRICS model” of multilateral cooperation. NDB should keep on improving institutional governance with high standards, foster the institutional culture featuring openness, inclusiveness, diversity, cooperation and professionalism, so as to make itself a new type of multilateral development institution of the 21st century.

Liu stressed that China will maintain its efforts to advance the rejuvenation of the Chinese nation through a Chinese path to modernization, and continue to promote the building of a community with a shared future for mankind. By doing so, China will create new opportunities for the world with new advances in China's development and contribute our wisdom and strength to world peace and development and to the progress of human civilization.

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