https://en.sputniknews.africa/20240428/algerias-accession-process-to-new-brics-development-bank-enters-its-final-phase-1066272338.html
Algeria's Accession Process to New BRICS Development Bank Enters Its Final Phase
Algeria's Accession Process to New BRICS Development Bank Enters Its Final Phase
Sputnik Africa
In November 2023, Algerian Finance Minister Laziz Fayed said that Algeria is seeking to join the New Development Bank because it is convinced of the need to... 28.04.2024, Sputnik Africa
2024-04-28T10:37+0200
2024-04-28T10:37+0200
2024-04-28T10:37+0200
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Algeria's accession process to the BRICS New Development Bank (NDB) enters its final phase.In the case of Algeria, the process of joining the NDB is different from the process of joining the BRICS group, he stressed. In July, Algerian President Abdelmadjid Tebboune said that his country's initial contribution to the NDB would be $1.5 billion.According to the head of state, Algeria receives more support from the BRICS countries than from Western countries. He also mentioned that Algeria has already formally applied to join the BRICS and the NDB.
https://en.sputniknews.africa/20231110/algerias-accession-to-brics-new-development-bank-in-full-swing-countrys-finance-minister-says-1063451414.html
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abdelmadjid tebboune, algeria, new development bank (ndb), brics, brics expansion, north africa
abdelmadjid tebboune, algeria, new development bank (ndb), brics, brics expansion, north africa
Algeria's Accession Process to New BRICS Development Bank Enters Its Final Phase
In November 2023, Algerian Finance Minister Laziz Fayed said that Algeria is seeking to join the New Development Bank because it is convinced of the need to expand multilateral partnerships for development.
Algeria's accession process to the BRICS New Development Bank (NDB) enters its final phase.
"I recently held talks in Washington with the head of the NDB, during which we discussed the progress of this process," said the country's Finance Minister, Laziz Fayed, at a press conference on April 27.
In the case of
Algeria, the process of joining the NDB is different from the process of joining the BRICS group, he stressed.
In July, Algerian President Abdelmadjid Tebboune said that his country's initial contribution to the NDB would be $1.5 billion.
According to the head of state, Algeria
receives more support from the BRICS countries than from Western countries. He also mentioned that Algeria has already formally applied to join the BRICS and the NDB.
