https://en.sputniknews.africa/20230507/entry-into-brics-to-help-algeria-more-than-other-organizations-president-says-1059090304.html
Entry Into BRICS to Help Algeria More Than Other Organizations, President Says
Entry Into BRICS to Help Algeria More Than Other Organizations, President Says
Sputnik Africa
Joining the BRICS alliance of the largest developing economies will help Algeria’s development more than any international financial organization ever has, Algerian President Abdelmadjid Tebboune said.
2023-05-07T07:28+0200
2023-05-07T07:28+0200
2023-08-03T10:48+0200
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In December of last year, Tebboune said that Algeria hoped to join BRICS in 2023. Tebboune added that the BRICS bank contains $100 billion, which is a larger capital than that of the World Bank. Algeria submitted its official application to join BRICS in November 2022. BRICS is an association of the world's major developing economies that was formed in 2006 to enhance cooperation among the member countries and elaborate common approaches to global economic challenges. The association comprises Brazil, Russia, India, China and South Africa but is looking to accept new members. Besides Algeria, the list of potential candidates for accession includes Argentina, Egypt, Iran, Saudi Arabia and Turkiye.
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algeria to enter brics, brics expansion, who wants to join brics
algeria to enter brics, brics expansion, who wants to join brics
Entry Into BRICS to Help Algeria More Than Other Organizations, President Says
07:28 07.05.2023 (Updated: 10:48 03.08.2023) TUNIS (Sputnik) – Joining the BRICS alliance of the largest developing economies will help Algeria’s development more than any international financial organization ever has, Algerian President Abdelmadjid Tebboune said.
In December of last year, Tebboune said that Algeria hoped to join BRICS in 2023.
"The BRICS organization will help us [in development] more than other international financial organizations have helped us to date," the Algerian president said at a Saturday meeting with major Algerian media representatives.
Tebboune added that the
BRICS bank contains $100 billion, which is a larger capital than that of the World Bank.
"BRICS will finance our projects, we will join their organization and unite politically," Tebboune said.
Algeria submitted its official application to join BRICS in November 2022. BRICS is an association of the world's major developing economies that
was formed in 2006 to enhance cooperation among the member countries and elaborate common approaches to global economic challenges. The association comprises Brazil, Russia, India, China and South Africa but is looking to accept new members. Besides Algeria, the list of potential candidates for accession includes Argentina, Egypt, Iran, Saudi Arabia and Turkiye.
