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, 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.