Algeria's Membership in New Dev't Bank Enhances Prospects for Joining BRICS, Says Finance Minister

© Photo x / @LaazizFaidMFSigning of a Memorandum of Understanding between the National Bank of Algeria and the General Directorate of Taxes, Laaziz Faid
Signing of a Memorandum of Understanding between the National Bank of Algeria and the General Directorate of Taxes, Laaziz Faid - Sputnik Africa, 1920, 04.09.2024
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ALGIERS (Sputnik) - BRICS, now with at least 9 members following the January 2024 expansion, continues to attract interest from other countries. Turkey, Algeria, Azerbaijan, Venezuela, Bahrain, Pakistan, and Thailand have all expressed interest in joining the group.
Algeria's accession to the New Development Bank increases the chances of the country joining the BRICS in the future, Algerian Finance Minister Laaziz Faid told Sputnik.

"Algeria's agreement to join the New Development Bank and participation in its activities indicates an intention to join the activity of a diverse network with wide opportunities, which in turn may increase the possibilities for inviting [Algeria] to join the BRICS in the future," Faid said.

BRICS Summit, Russia 2024 - Sputnik Africa, 1920, 03.09.2024
BRICS Must Take Path of Becoming Main Driver of Global Majority's Interests, Expert Says
The BRICS Development Bank will give Algeria access to a global structure with innovative financial solutions, the minister explained.
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