BRICS LIFE

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03.09.24 18:31

Economy

New member joining BRICS New Development Bank is announced

The new BRICS development bank has decided to grant membership to Algeria

President of the BRICS New Development Bank (NDB) Dilma Rousseff has announced that Algeria has been granted permission to become a member of the financial organisation. The announcement was made in Cape Town on the margins of the bank's ninth annual meeting. This is reported by teleSUR, a partner of TV BRICS.

According to a statement from the Algerian finance ministry, Algeria is taking a major step in integrating into the global financial system by joining this significant development institution.

"We have a procedure for authorising new members of the bank ... Algeria has been authorised to become a member of the bank," Rousseff said.

The NDB, created in 2015 by the BRICS group of developing countries (Brazil, Russia, India, China and South Africa), continues to expand its influence. Bangladesh, Egypt, UAE and Uruguay joined the bank in 2021.

Photo: teleSUR

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Sergey Lavrov

Russian Foreign Minister

"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned"

Nitin Gadkari

India's Union Minister for Road Transport and Highways

"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

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New member joining BRICS New Development Bank is announced

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