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

Reliance Consumer Products Limited has appointed Amitabh Bachchan as brand ambassador for its Campa Sure packaged drinking water.
Read More....
The Delhi government has signed an MoU with the RBI to manage its banking, debt, and cash operations.
Read More....
Veteran Congress leader and former Union minister Suresh Kalmadi passed away at the age of 81 in Pune.
Read More....
HDFC Asset Management Company entered the private credit segment with the launch of a ₹2,500 crore structured credit fund.
Read More....
CCI has approved Nippon Steel’s plan to acquire 100% stake in Krosaki Harima Corporation.
Read More....
Union Education Minister Dharmendra Pradhan released 55 literary publications in classical Indian languages in New Delhi.
Read More....
Former world billiards champion and Dhyan Chand Awardee Manoj Kothari passed away at the age of 67.
Read More....
Rajasthan hosted the Regional AI Impact Conference to promote inclusive and responsible use of Artificial Intelligence.
Read More....
Ranveer Singh’s film Dhurandhar set a new record for the highest return on investment in Bollywood history.
Read More....
The United States has decided to exit 66 international organisations, including the India-led International Solar Alliance.
Read More....