Published 11 months ago

BRICS bank wants new members as Saudi Arabia looks to join

Summary by Ground News

The New Development Bank, the lender created by the BRICS group of nations, will widen its membership. Saudi Arabia is the latest to discuss joining the bank, the Financial Times has reported. The bank was created in 2014 as a counterweight to the International Monetary Fund and the World Bank.

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News24

BRICS bank wants new members as Saudi Arabia looks to join

The lender will look at increasing the diversity of its members in terms of geography, development stages and on the size of the countries, Dilma Rousseff, the bank’s president, said at its annual meeting in Shanghai on Tuesday.

11 months ago·South Africa

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WION

BRICS-backed New Development Bank invites Saudi Arabia to join the club

The New Development Bank (NDB), established by the BRICS group of nations, is set to broaden its membership as part of its efforts to increase capital and counter the influence of Western-dominated multilateral banks, Bloomberg reported. The bank, consisting of Brazil, Russia, India, China, and South Africa, aims to diversify its members based on geography, development stages, and country size, Dilma Rousseff, the bank's president, said.

11 months ago·Noida, India

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Live Mint

BRICS Bank to expand membership as Saudi Arabia looks to join

The New Development Bank, the lender created by the BRICS group of nations, will widen its membership as it seeks to boost its capital and counter the influence of Western-dominated multilateral banks.

11 months ago·New Delhi, India

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Al Arabiya

BRICS Bank invites new members as Saudi Arabia looks to join

The New Development Bank, the lender created by the BRICS group of nations, will widen its membership as it seeks to boost its capital and counter the

11 months ago·Saudi Arabia

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The Economic Times

Brics bank to consider Saudi Arabia's proposal for membership

The New Development Bank (NDB), set up by the BRICS member states, will consider Saudi Arabia's proposal to join the multilateral organisation at its annual meeting on Tuesday and Wednesday, ahead of the meeting of the foreign ministers of the grouping on Thursday.

11 months ago

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