Algeria Joins New Development Bank
On 22nd May 2025, the New Development Bank (NDB), founded by BRICS nations, officially welcomed Algeria as its newest member, marking a significant step in expanding the bank’s global footprint.
Key Highlights
- Algeria’s admission reflects growing interest in BRICS-led financial institutions as alternatives to Western-dominated systems.
- The NDB has now approved over 120 projects worth $40 billion across sectors.
|
New Development Bank
|
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
World Watch
- 1 US Administration Announces Major H-1B Visa Changes
- 2 Philippines Condemns China’s Nature Reserve Plan at Scarborough Shoal
- 3 FIPIC Foreign Ministers’ Meeting
- 4 India’s First Overseas Defence Factory in Morocco
- 5 Mali, Burkina Faso and Niger Announce Exit from ICC
- 6 US Ends Sanctions Waiver on Chabahar Port
- 7 Many European Nations Recognise Palestinian State at 80th UNGA
- 8 India & Mauritius Strengthen Partnership
- 9 European Union Unveils New Strategic Agenda for India
- 10 WTO Agreement on Fisheries Subsidies Enters into Force
