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India welcomes Egypt as 4th member of BRICS New Development Bank

  • Integrity Education, Delhi
  • 30, Dec 2021
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India has welcomed Egypt as the fourth new member of BRICS New Development Bank. The External Affairs Ministry Spokesman Arindam Bagchi said, Bangladesh, UAE, and Uruguay joined in September this year. Mr. Bagchi said, membership expansion enables New Development Bank to position itself as a premier development institution for emerging economies.

The New Development Bank aims to mobilize resources for development projects in BRICS, emerging economies, and developing countries.

Sources : News on AIR