Algeria

  • Algeria, a country in the Maghreb region of North Africa has become a member country of the New Development Bank (NDB).
  • The New Development Bank (NDB) was established by the BRICS nations (Brazil, Russia, India, China, and South Africa).
  • Headquarters: Shanghai, China
  • Members (9): Algeria, Bangladesh, Brazil, China, Egypt, India, Russia, South Africa, United Arab Emirates; Uruguay (Prospective member - have been admitted by NDB’s Board of Governors and will officially become a member country once they deposit their instrument of accession).
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