US EditionColombia Joins BRICS Bank to Find New Ways to Fund Growth
21 Articles
21 Articles
Colombia Joins the BRICS New Development Bank in the Midst of Growing Tension with the United States
Colombia, a traditional ally of the United States in Latin America, has taken another step in its efforts to diversify its foreign policy in the midst of growing tension with Washington. The BRICS New Development Bank, an alternative financing to the International Monetary Fund or the World Bank, approved on Thursday the accession of the South American country. Dilma Rousseff, head of the development bank and former president of Brazil, reported…
The confirmation was given during a meeting between Rousseff and Russian President Vladimir Putin, in Strelna, on the outskirts of St Petersburg, at which they also reported on Uzbekistan’s accession: “Two countries have already been elected as new members, are Uzbekistan and Colombia.” According to Rousseff, “the incorporation of two other countries is being considered: Ethiopia and Indonesia.” See this post on Instagram A shared publication of…
Colombia Joins BRICS Bank to Find New Ways to Fund Growth
Colombia has joined the New Development Bank, a group created by Brazil, Russia, India, China, and South Africa (the BRICS countries). The Colombian government and the bank’s president, Dilma Rousseff, confirmed this step after President Gustavo Petro requested membership during a visit to China in May 2025. The New Development Bank gives loans and funding […]
Colombia Joins BRICS’ New Development Bank - teleSUR English
This membership opens new financing opportunities for strategic projects, the Colombian presidency stated. On Thursday, Colombian Foreign Minister Laura Sarabia announced that her country has been admitted into the New Development Bank (NDB), the financial institution established by the BRICS group of emerging economies led by Brazil, Russia, India, China and South Africa. RELATED: Colombian Senate Approves Historic Labor Reform Backed by Petro:…
Colombia's entry into the BRICS group represents a shift in the South American country's economic and diplomatic strategy. Read more
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