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President Xi urges New Development Bank to help make financial system more just

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Chinese President Xi Jinping (R) meets with President of the New Development Bank Dilma Rousseff in Beijing, China, October 19, 2023. /Xinhua

Chinese President Xi Jinping (R) meets with President of the New Development Bank Dilma Rousseff in Beijing, China, October 19, 2023. /Xinhua

Chinese President Xi Jinping (R) meets with President of the New Development Bank Dilma Rousseff in Beijing, China, October 19, 2023. /Xinhua

Chinese President Xi Jinping on Thursday met with President of the New Development Bank (NDB) Dilma Rousseff and called on the NDB to help make the international financial system more just and equitable to effectively increase the representation and voice of emerging markets and developing countries.

Xi welcomed the NDB’s participation in the Belt and Road Initiative (BRI) and the Global Development Initiative, as well as its role in promoting the UN 2030 Agenda for Sustainable Development and helping with the modernization of more developing countries.

China will continue to support the NDB’s work and Rousseff in performing her duties in China, Xi said.

Rousseff thanked the Chinese government for its support for the NDB and expressed the belief that the BRI and the forum will play an important role in global sustainable development and green development. 

The NDB is willing to actively participate in Belt and Road cooperation and make due contributions to promoting world multi-polarity and the reform of the international financial system, she said.

(With input from Xinhua)

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