Algeria’s accession to the BRICS Bank was officially confirmed

reportedCape Town was held, Algeria joining the bank BRICS officially confirmed.

The Ministry of Finance of Algeria considers the joining of Algeria to this important institution, which is considered the financial arm of the BRICS group, a big step on the way Integration with the global financial system is considered, and according to this, Algeria is the ninth country to join the membership of this organization.

Last April, Laziz Fide Algerian finance minister in Washington with Dilma Vana Rossef, the head of the New Development Bank, discussed the process of joining Algeria to this financial institution and the financing of strategic and structural development projects for the Algerian economy.

Abd al-Majid Teboun, the president of Algeria revealed at the end of his visit to China last year that Algeria has officially requested is to join the BRICS bank as a member with an initial aid of $1.5 billion.