Money & Banking
New Development Bank (NDB)
▪ Algeria has formally joined the New Development Bank (NDB)—an institution established by the BRICS nations—on May 19, 2025.
About the NDB
▪ Established in 2015 by BRICS nations: Brazil, Russia, India, China, South Africa.
▪ Headquarters: Shanghai, China.
▪ Current President: Dilma Rousseff (Brazil)
