https://en.sputniknews.africa/20230528/saudi-arabia-in-talks-to-join-brics-new-development-bank--media-1059529565.html
Saudi Arabia in Talks to Join BRICS' New Development Bank – Media
Saudi Arabia in Talks to Join BRICS' New Development Bank – Media
Sputnik Africa
Saudi Arabia is negotiating to join the New BRICS Development Bank as its new member, the Financial Times newspaper reports, citing a statement from the organization.
2023-05-28T10:00+0200
2023-05-28T10:00+0200
2023-08-03T10:49+0200
middle east
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Saudi Arabia is negotiating to join the New BRICS Development Bank as its new member, the Financial Times newspaper reports, citing a statement from the organization.A key, noteworthy point is that the entry of Saudi Arabia into the organization would strengthen ties between members of the bank, created by the world's largest developing economies as an alternative to the current Western-led global financial institutions.BRICS unites Brazil, Russia, India, China and South Africa. A number of other countries intend to join the economic bloc, including Argentina, Iran, as well as, according to the Chinese Foreign Ministry, Indonesia, Turkey, Saudi Arabia, Egypt.
https://en.sputniknews.africa/20230524/south-african-sherpa-reveals-why-global-south-is-knocking-on-brics-door-1059441775.html
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the decision, new development bank, within brics, summit in durban, south africa, in 2014, next summit, in fortaleza, brazil, bank agreement, was signed, finance infrastructure, sustainable development projects, brics members, developing countries, saudi arabia, developing economies, bretton woods institutions
the decision, new development bank, within brics, summit in durban, south africa, in 2014, next summit, in fortaleza, brazil, bank agreement, was signed, finance infrastructure, sustainable development projects, brics members, developing countries, saudi arabia, developing economies, bretton woods institutions
Saudi Arabia in Talks to Join BRICS' New Development Bank – Media
10:00 28.05.2023 (Updated: 10:49 03.08.2023) The decision to create the BRICS' New Development Bank was made in 2013 at the summit in Durban, South Africa. At the next summit in Fortaleza, Brazil, in 2014, BRICS states signed a deal establishing the bank, whose main task is to finance infrastructure and sustainable development projects of BRICS members and developing countries.
Saudi Arabia is negotiating to
join the New BRICS Development Bank as its new member, the Financial Times newspaper reports, citing a statement from the organization.
"In the Middle East, we attach great importance to the Kingdom of Saudi Arabia and are currently engaged in a qualified dialogue with them," the New Development Bank told the media.
A key, noteworthy point is that the entry of Saudi Arabia into the organization would strengthen ties between members of the bank, created by the world's largest developing economies as an alternative to the current Western-led global financial institutions.
BRICS unites Brazil, Russia, India, China and South Africa. A number of other countries intend to join the economic bloc, including Argentina, Iran, as well as, according to the Chinese Foreign Ministry, Indonesia, Turkey, Saudi Arabia, Egypt.
