https://en.sputniknews.africa/20240901/algeria-officially-joins-brics-new-development-bank-1068096992.html
Algeria Officially Joins BRICS New Development Bank
Algeria Officially Joins BRICS New Development Bank
Sputnik Africa
In a July 2023 interview with China Central Television, Algerian President Abdelmadjid Tebboune formally announced Algeria's application to join the New... 01.09.2024, Sputnik Africa
2024-09-01T11:40+0200
2024-09-01T11:40+0200
2024-09-02T18:52+0200
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Algeria's formal entry into the BRICS New Development Bank was announced by the country's finance ministry following the bank's ninth annual meeting in Cape Town. As the ninth country to join the New Development Bank, Algeria strengthens its position within the international economic landscape, according to the ministry.Algeria's membership in the New Development Bank is expected to provide significant support for the country's economic growth in the medium and long term, the ministry added.BRICS New Development Bank was created in 2015, with Russia, Brazil, India, China, and South Africa becoming its first members. In 2021, Bangladesh, Egypt, the UAE, and Uruguay joined the bank. The bank's activities are aimed at financing infrastructure and sustainable development projects in the BRICS states and developing countries.
https://en.sputniknews.africa/20240830/brics-bank-anticipates-greater-utilization-of-local-currencies-ndb-chief-says--1068068173.html
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algeria, russia, brazil, new development bank (ndb), brics, international, development, finance, abdelmadjid tebboune, china, cape town
algeria, russia, brazil, new development bank (ndb), brics, international, development, finance, abdelmadjid tebboune, china, cape town
Algeria Officially Joins BRICS New Development Bank
11:40 01.09.2024 (Updated: 18:52 02.09.2024) Ekaterina Shilova
Writer / Editor
In a July 2023 interview with China Central Television, Algerian President Abdelmadjid Tebboune formally announced Algeria's application to join the New Development Bank, pledging a $1.5 billion initial contribution.