Categories: International

Egypt became fourth new member of New Development Bank

Egypt added as the fourth new member of BRICS New Development Bank. Bangladesh, UAE, and Uruguay joined BRICS New Development Bank in September 2021. Membership expansion enables New Development Bank to position itself as a premier development institution for emerging economies. BRICS New Development Bank is a multilateral bank that was established by Brazil, Russia, China, India, and South Africa to finance sustainable development and infrastructure projects.

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The new list of New Development Bank member countries:

S.No	Member Countries
1	Brazil
2	Russia
3	India
4	China
5	South Africa
6	Bangladesh
7	United Arab Emirates
8	Egypt
9	Uruguay

Important takeaways for all competitive exams:

New Development Bank Headquarter: Shanghai, China;
New Development Bank President: Marcos Prado Troyjo;
New Development Bank Founder: BRICS;
New Development Bank Founded: 15 July 2014.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.