BRICS bank can help African countries tackle urgent challenges

The New Development Bank created by BRICS countries in 2015 can provide financial support for African countries' projects to address urgent challenges, according to former Brazilian President Dilma Rousseff.

reuters.com

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8/23/2023

No new BRICS bank members to be announced at summit: CFO

The New Development Bank of the BRICS group will not be announcing new members at the BRICS Summit in South Africa, according to Leslie Maasdorp, the bank's Chief Financial Officer, who stated that the process of ratifying new countries is happening without the bank's involvement.

8/23/2023

5 New Countries Expected To Join BRICS

The New Development Bank (NDB) of BRICS, a bloc comprising Brazil, Russia, India, China, and South Africa, is reviewing applications from 15 countries as it aims to diversify its geographical location, potentially adding five new countries, including Saudi Arabia and the UAE, which could provide funding and boost the bank's financial prospects while potentially reducing reliance on the US dollar.

8/23/2023

15 Countries Seeking to Join BRICS Bank as Summit Begins

The BRICS New Development Bank is receiving applications from 15 countries to join, as it aims to lessen its dependence on the US dollar and prioritize local currency lending.