Alexei Overchuk meets with President of the New Development Bank Marcos Troyjo

Deputy Prime Minister Alexei Overchuk, who heads the Russian delegation at the 26^th 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.