Egypt became Member of BRICS New Development Bank

Egypt became Member of BRICS New Development Bank

Daily Current Affairs / Egypt became Member of BRICS New Development Bank

Change Language English Hindi

Category : International Published on: March 27 2023

Share on facebook

Egypt became Member of BRICS New Development Bank On March 22, 2023, the African-Arab Nation, Egypt became a member of the New Development Bank (NDB), formerly referred to as the BRICS Development Bank, a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa).
Egypt was officially given status as a member on February 20, 2023 and the formal notification was issued on March 22, 2023.
The NDB was set up by BRICS nations on the basis of the intergovernmental agreement signed at the sixth BRICS summit in Fortaleza in July 2014.
Apart from Egypt, BRICS (Brazil, Russia, India, China and South Africa) countries, the UAE, Bangladesh, and Uruguay are the members of the NDB.
NDB was formed to finance infrastructure projects and sustainable development projects in BRICS member states and developing countries.

Recent Post's

The US launches the Gold Card, an investor-linked residency scheme offering fast-track permanent residency and citizenship for wealthy individuals and corporations.
Read More....
Google for Startups Hub at T-Hub Hyderabad offers AI-focused startups mentorship, coworking space, and investor access, boosting India’s deep-tech entrepreneurship.
Read More....
Mexico imposes tariffs of up to 50% on over 1,400 products from India, China, and other Asian countries from January 2026 to protect domestic industries.
Read More....
Varanasi becomes India’s first city to launch a hydrogen-powered water taxi service, promoting sustainable inland transport along the Ganga.
Read More....
Maharashtra has introduced a new regulatory framework to overhaul Mumbai’s century-old Pagdi system and boost redevelopment of ageing buildings.
Read More....
Maharashtra launched MahaCrimeOS AI, an advanced AI-powered platform to speed up cybercrime investigations.
Read More....
TIME Magazine named the “Architects of AI” as the 2025 Person of the Year, honouring leaders driving global AI transformation.
Read More....
India and Liberia signed an MoU to strengthen cooperation in pharmacopoeia and medicine quality standards.
Read More....
Kolkata unveils the world’s largest 70-foot iron statue of Lionel Messi ahead of the 2026 FIFA World Cup.
Read More....
Punjab honours Yuvraj Singh and Harmanpreet Kaur with stadium stands named after them at Mullanpur.
Read More....