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BRICS New Development Bank authorizes Algeria to join
4:21 CAT | 01 Sep 2024
FILE - President of the New Development Bank (NDB) Dilma Rousseff attends the Ninth Annual Meeting of the NDB, a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS) in Cape Town, South Africa, August 30, 2024. [File photo: Reuters/Esa Alexander]
Algeria has been authorised to become a member of the BRICS New Development Bank (NDB), the bank’s president, Dilma Rousseff, said on Saturday.
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.
Source: Reuters
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