SHANGHAI, March 22. /TASS/. Egypt has officially become a new member of the New Development Bank (NDB) created by BRICS member states (Brazil, Russia, India, China and South Africa) after completing the necessary procedures, according to an update on the composition of the bank posted on ...
Many Egyptian experts believe that by becoming a member of BRICS and gaining access to NDB loans, Egypt will be able to implement many economic projects more effectively and successfully. BRICS Egypt Egyptian Foreign Minister Badr Abdel-Aty called on BRICS to play a key role in reforming the ...
Based on the World Bank's economic statistics in 2022, the combined gross domestic product (GDP) of the BRICS countries, after the expansion, will account for 28.99 percent of the global GDP instead of the previous 25.77 percent.3、New Development Bank=NDB, 新发展银行 4、win-win cooperati...
CAPE TOWN (Reuters) - Algeria has been authorised to become a member of the BRICS New Development Bank (NDB), the bank's president, Dilma Rousseff, said on Saturday. A multilateral development bank, the NDB was established by the BRICS group of developing countries - Brazil, Russia, India,...
The addition of new members is a critical milestone for the New Development Bank (NDB) since it's the first entry into more emerging markets, said Leslie Maasdorp, vice president and CFO of NDB. The NDB, which was backed by the BRICS nations, has announced it will welcome...
Since its establishment in 2015, the New Development Bank, the NDB, also known as the BRICS Bank, has endeavored to cater to the socio-economic development and environmental protection needs of its member States. As part of its new general strategy, the NDB will work towards aligning its new...
Trade in agricultural products has also been robust. In the first three quarters of this year, over 80 percent of China’s poultry and frozen cod and 50 percent of crabs were imported from BRICS member countries. Additionally, China's exports of garlic, tomatoes, and citrus fruit are popular...
2 (Xinhua) -- BRICS New Development Bank (NDB) announced Thursday that it will add the United Arab Emirates (UAE), Uruguay and Bangladesh as its newest members. "We are delighted to welcome the UAE, Uruguay and Bangladesh to the NDB family. New members will have in NDB a platform to ...
Economic and trade relations among BRICS countries are becoming increasingly close. After the expansion of BRICS in January, China's imports and exports to member countries reached 4.62 trillion yuan ($650 billion) in the first three quarters, a year-on-year increase of 5.1 percent. ...
The BRICS New Development Bank (NDB) has signed a loan agreement to support sustainable infrastructure development in east China's Zhejiang Province, marking the latest update of its first non-sovereign loan in China, the bank announced Tuesday. Under the agreement, NDB will provide approximately ...