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.
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New Development Bank
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