ContextSpecial address at a seminar held alongside the meeting of BRICS finance ministers and central bank governors in India, on mobilising private capital.
Why it mattersLists the tools the bank plans to use to attract private investors into development projects.
- Private capital is not mobilised enough for development.
- Investors face high risks.
- Financing tools are limited.
- Expand the toolkit with guarantees and risk-sharing.
- Offer trade finance, project bonds and equity funds.
- Partner with national investment funds.
Read the speech summary
1. A fragmented world needs private capital
Speaking at a BRICS finance side event in India on mobilising private capital, New Development Bank President Dilma Rousseff described a world of imbalances, tariffs, sanctions, high rich-country debt and climate urgency, with development needs in digital, energy, cities and infrastructure too large for any single actor. The aim is to create conditions for long-term institutional and private capital to flow into development; the NDB, a bank of and for the Global South without conditionalities, builds that bridge through better bankability, longer maturities and local-currency and swap solutions.
2. Funding, financing and preparation
On funding, the bank is a large issuer in China's Panda bond market, is growing in South Africa, and plans a rupee bond programme of about 250 billion rupees (2.5 billion dollars) over five years, taking planned India investment to 7.5 billion. On financing, it targets 30% non-sovereign lending now and 35% in 2027-31, with 40-50% in local currency, 45% for climate and 10% for innovation and digital projects, co-financing 20-30% of projects and adding guarantees, risk-sharing, project bonds and equity, backed by stronger credit appraisal. On preparation, it will help build bankable projects and act as a knowledge hub.
3. India and closing
India has about 10.5 billion dollars approved across 35 projects, including anchor investment in the National Investment and Infrastructure Fund and a hybrid renewable energy project. She closed by saying that mobilising private capital is about trust, partnership and delivery.