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BRICS New Development Bank Authorizes Algeria to Join

Nurat  Uthman by Nurat  Uthman
September 1, 2024
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by Nurat Uthman

Algeria has been authorised to become a member of the BRICS New Development Bank (NDB), the bank’s president, Dilma Rousseff, said on Saturday.

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A multilateral development bank, the NDB was established by the BRICS group of developing countries – Brazil, Russia, India, China and South Africa – in 2015.

Bangladesh, Egypt, the United Arab Emirates and Uruguay were admitted as new members of the bank in 2021 as part of an expansion drive.

“We have a process to authorize new members to the bank … Algeria was authorised to become a member of the bank,” Rousseff told journalists on the sidelines of the ninth annual meeting of the bank in Cape Town

Tags: AlgeriaBRICSNDB
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