Statement by H.E. Mr. Amir Khosru Mahmud Chowdhury, the Minister of Finance of the People’s Republic of Bangladesh and the Governor for Bangladesh to NDB at the Opening Ceremony of the 11th Board of Governors Annual Meeting

I begin by expressing my sincere gratitude to the Government of the Russian Federation and the New Development Bank for hosting this esteemed gathering in the culturally rich, historic, and vibrant city of Moscow. Although I am unable to attend in person due to our budgetary session and other pressing commitments, I deeply appreciate the opportunity provided by the Host Country and the NDB to share our perspectives with this distinguished assembly. My heartfelt thanks and sincere gratitude to the organizer for their sincere support.

The theme of this year’s Annual Meeting, “Development Financing in an Era of Technology Revolution,” is both timely and critical. While technological advancements offer unparallel opportunities for development, the global community faces concurrent challenges such as climate change, geopolitical tensions, and economic volatility. In this context we must work collaboratively to discover innovative solutions to ensure prosperity and inclusivity for all.

We warmly appreciate NDB’s commitment to providing USD 1 billion annually to Bangladesh. We are pleased to report that we have already submitted proposals for eight projects totaling USD 1.533 billion, with one project loan agreement already signed. This achievement reflects the strong leadership and dedicated work of the NDB President and Management. We also remain fully committed to deepening and widening our partnership by preparing a robust pipeline.