Egypt added as fourth new member of BRICS New Development Bank
- Egypt has been inducted as the fourth new member of the BRICS New Development Bank(NDB) on December 29, 2021.
- Earlier in September 2021 Bangladesh, United Arab Emirates (UAE) and Uruguay were admitted as the new member of the Shanghai-based NDB.
- The NDB was established by BRICS nations (Brazil, Russia, India, China, and South Africa) six years ago in July 2015.
Points to Remember:
- How many new members have been admitted to the BRICS NDB?
- Which countries have been added as new member of NDB?
- Headquarter of NDB