- The New Development Bank (NDB), established by the BRICS countries, has added Algeria as a new member, further expanding its global membership base.
- Algeria submitted its form of admission on May 19 in accordance with the provisions of the NDB's articles of agreement.
- NDB President Dilma Rousseff welcomed Algeria, highlighting its strategic importance in the global economy.
- Algeria's membership is seen as a major boost to the NDB's growing global profile.
- According to the NDB leadership, the country is rich in natural resources and has strong potential for growth.
Tags:
Economics
