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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More International News

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Weekly One Liners 05th to 11th of January 2026

Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in competitive examinations…

20 hours ago

MeitY Launches PARAM SHAKTI Supercomputing Facility at IIT Madras

The Ministry of Electronics and Information Technology (MeitY) has launched ‘PARAM SHAKTI’, a powerful new…

2 days ago

Akasa Air Enters IATA, Becomes India’s Fifth Member of Global Airline Body

Akasa Air, India’s youngest airline founded in 2020, has become a member of the International…

2 days ago

Union Minister Annpurna Devi Inaugurates PANKHUDI Portal to Improve Services and Support for Women and Children

The Government of India focuses strongly on the welfare and empowerment of women and children.…

2 days ago

New Delhi World Book Fair 2026: Free Entry and Tribute to India’s Armed Forces

The 53rd edition of the New Delhi World Book Fair (NDWBF) 2026 will be held…

2 days ago

Oscars 2026: Five Indian Films Eligible for Best Picture at 98th Academy Awards

The 98th Academy Awards, also known as Oscars 2026, have recognized five Indian films as…

2 days ago