https://sputniknews.in/20250522/algeria-joins-brics-new-development-bank-9175512.html
Algeria Joins BRICS New Development Bank
Algeria Joins BRICS New Development Bank
Sputnik India
BEIJING (Sputnik) - The New Development Bank (NDB) welcomed Algeria as its newest member on Thursday. 22.05.2025, Sputnik India
2025-05-22T13:38+0530
2025-05-22T13:38+0530
2025-05-22T13:38+0530
business & economy
brics
south africa
brazil
africa
algeria
https://cdn1.img.sputniknews.in/img/07e7/08/16/3749983_0:0:680:383_1920x0_80_0_0_4797f5c5d97425b31811c68aac16ded7.jpg
"The New Development Bank (NDB) has officially admitted Algeria as a new member country," the NDB said in a statement.Algeria’s economic significance will enhance the NDB’s influence in the international financial system, NDB President Dilma Rousseff said.The NDB, established by BRICS nations, was politically agreed upon at the Durban summit in South Africa in 2013. The bank’s funding agreement was signed in 2014 in Fortaleza, Brazil, and operations began on July 7, 2015, in Moscow. Its core mission is to fund infrastructure and sustainable development projects in BRICS countries and developing nations.
south africa
brazil
africa
algeria
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2025
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_IN
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
brics, south africa, brazil, africa, algeria
brics, south africa, brazil, africa, algeria
Algeria Joins BRICS New Development Bank
BEIJING (Sputnik) - The New Development Bank (NDB) welcomed Algeria as its newest member on Thursday.
"The New Development Bank (NDB) has officially admitted Algeria as a new member country," the NDB said in a statement.
Algeria’s economic significance will enhance the NDB’s influence in the international financial system, NDB President Dilma Rousseff said.
"Algeria plays an important role not only in the economy of Northern Africa, but also at a global scale, and will definitely contribute to enhancing NDB’s position in the global financial arena," Rousseff said.
The NDB, established by BRICS nations, was politically agreed upon at the Durban summit in South Africa in 2013. The bank’s funding agreement was signed in 2014 in Fortaleza, Brazil, and operations began on July 7, 2015, in Moscow. Its core mission is to fund infrastructure and sustainable development projects in BRICS countries and developing nations.
