{"id":373336,"date":"2024-09-02T16:18:44","date_gmt":"2024-09-02T19:18:44","guid":{"rendered":"https:\/\/anba.com.br\/?p=373336"},"modified":"2024-09-02T16:33:56","modified_gmt":"2024-09-02T19:33:56","slug":"algeria-joins-brics-bank","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/algeria-joins-brics-bank\/","title":{"rendered":"Algeria joins BRICS Bank"},"content":{"rendered":"\n<p>Algiers \u2013 Algeria, an Arab country in Africa, has joined the New Development Bank (NDB), commonly known as the BRICS Bank, named after the group of emerging countries with which the bank is affiliated. Algeria\u2019s <a href=\"https:\/\/www.mf.gov.dz\/index.php\/ar\/\" target=\"_blank\" rel=\"noopener\">Ministry of Finance<\/a> made the announcement on Saturday (31).<\/p>\n\n\n\n<p>The NDB Board of Governors, chaired by former Brazilian President Dilma Rousseff, approved Algeria\u2019s accession to the bank on Saturday during the 9<sup>th<\/sup> annual board meeting in Cape Town, South Africa. The country joins the group alongside its founders Brazil, China, Russia, India, and new members<\/p>\n\n\n\n<p>By joining \u201cthis important development institution, the financial arm of the BRICS group, Algeria takes a significant step in its process of integration into the global financial system,\u201d said the Algerian ministry. The decision will provide the country, Africa\u2019s top natural gas exporter, with \u201cnew opportunities to promote and strengthen its economic development in the medium and long term,\u201d according to the ministry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What does the BRICS Bank do?<\/strong><\/h2>\n\n\n\n<p>The NDB was conceived by the BRICS in 2015 as an alternative development bank to the International Monetary Fund (IMF) and the World Bank. NDB&#8217;s main mission is to mobilize resources to finance projects in emerging markets and developing countries.<\/p>\n\n\n\n<p><em>Read more:<br><\/em><a href=\"https:\/\/anba.com.br\/en\/three-arab-countries-to-join-brics\/\">Three Arab countries to join BRICS<\/a><\/p>\n\n\n\n<p><strong>Reproduction is prohibited<\/strong><\/p>\n\n\n\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-373337\">NDB<\/div>","protected":false},"excerpt":{"rendered":"<p>The Arab country was accepted into the New Development Bank during a meeting of the institution\u2019s board over the past weekend in South Africa.<\/p>\n","protected":false},"author":2345,"featured_media":373337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[106],"tags":[2034,9534,2098,50787,27791],"class_list":{"0":"post-373336","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-foreign-affairs","8":"tag-algeria","9":"tag-brazil-en","10":"tag-brics-bank","11":"tag-development-banks","12":"tag-ndb-en"},"wps_subtitle":"The Arab country was accepted into the New Development Bank during a meeting of the institution\u2019s board over the past weekend in South Africa.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/373336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2345"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=373336"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/373336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/373337"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=373336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=373336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=373336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}