New Development Bank (NDB)
Jianshi Yao is a seasoned professional with extensive experience in project financing and operations management. Currently serving as Country Lead at the New Development Bank since January 2017, Jianshi Yao leads national operations, develops project pipelines, and oversees project appraisals and implementation. Previous roles include Executive Assistant to the Vice President and Chief Operations Officer at NDB and Business Operations Manager at Google, where operational support was provided for the Google Home product line. Jianshi Yao has also held positions at China International Capital Corporation, IFC - International Finance Corporation, and the State Grid Corporation of China, where responsibilities ranged from transaction management to global energy strategy development. Jianshi Yao holds an MBA in Finance from Duke University and master's and bachelor's degrees in Electrical Engineering from Tsinghua University.
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New Development Bank (NDB)
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The New Development Bank (NDB) is a multilateral development bank (MDB) established by Brazil, Russia, India, China and South Africa (BRICS) with the objective of financing infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. NDB’s work complements the efforts of multilateral and regional financial institutions, toward global growth and development. Our work is centered around maximizing the impact of development in a fast, flexible and efficient manner. To catalyze the kind of development we envisage, we are always keen to listen, learn and collaborate with other MDBs, governments, financial institutions and social organizations. To fulfill its purpose, the Bank supports public or private projects through loans, guarantees, equity participation and other financial instruments. Our headquarters is in Shanghai, China. The geographic distribution of NDB’s operations is becoming increasingly balanced as the Bank develops its capacity to identify and prepare projects in all member countries. The first regional office of NDB – the Africa Regional Centre (ARC) – was opened in Johannesburg, South Africa, in August 2017. In July 2019, NDB began to build the Americas Regional Office team, based in São Paulo, Brazil, with a sub-office in Brasília. NDB and the Government of Russia signed the Agreement on the Hosting of the NDB Eurasian Regional Centre in Moscow, Russia on the sidelines of the 11th BRICS Summit in Brasília in November 2019.