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.
The BRICS Development Bank will give Algeria access to a global structure with innovative financial solutions, the minister explained.