https://en.sputniknews.africa/20230722/algeria-eager-to-become-brics-development-bank-shareholder-1060688349.html
Algeria Eager to Become BRICS Development Bank Shareholder
Algeria Eager to Become BRICS Development Bank Shareholder
Sputnik Africa
The political decision to create a bank within the BRICS was taken in 2013 at the Durban, South Africa summit. Its work was formalized by the first meeting of... 22.07.2023, Sputnik Africa
2023-07-22T09:57+0200
2023-07-22T09:57+0200
2023-08-16T10:22+0200
north africa
algeria
abdelmadjid tebboune
president
brics
new development bank (ndb)
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Algerian President Abdelmadjid Tebboune has announced that his country has submitted an official application to become a shareholder in the BRICS New Development Bank.According to Tebboune, Algiers' possible participation will amount to $1.5 billion.The Algerian leader made a state visit to Russia last June. Speaking at the St. Petersburg International Economic Forum (SPIEF), he announced that his country would like to join the BRICS in the near future, in order to free its national economy "from a certain pressure."Speaking to Sputnik in early June, Chen Fengying of the China Institute of Contemporary International Relations said that the BRICS New Development Bank would have to "take the road of internationalization" to replace any other structure.
https://en.sputniknews.africa/20230623/algeria-wants-to-join-shanghai-cooperation-organization-1060105357.html
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north africa, algeria, abdelmadjid tebboune, president, brics, new development bank (ndb)
north africa, algeria, abdelmadjid tebboune, president, brics, new development bank (ndb)
Algeria Eager to Become BRICS Development Bank Shareholder
09:57 22.07.2023 (Updated: 10:22 16.08.2023) The political decision to create a bank within the BRICS was taken in 2013 at the Durban, South Africa summit. Its work was formalized by the first meeting of the Board of Governors on July 7, 2015, in Moscow.
Algerian President
Abdelmadjid Tebboune has announced that his country has submitted an official application to become a shareholder in the BRICS New Development Bank.
According to Tebboune, Algiers' possible participation will amount to $1.5 billion.
The Algerian leader made a state visit to Russia last June. Speaking at the St. Petersburg International Economic Forum (SPIEF), he announced that his country would like to join the
BRICS in the near future, in order to free its national economy "from a certain pressure."
Speaking to Sputnik in early June, Chen Fengying of the China Institute of Contemporary International Relations said that the BRICS New Development Bank would have to "take the road of internationalization" to replace any other structure.
