India welcomes Egypt as member of New Development Bank of BRICS
The Hindu
The NDB admitted Bangladesh, United Arab Emirates (UAE) and Uruguay as its new members in September
India on December 30 welcomed Egypt's entry as the fourth new member of the New Development Bank (NDB) that was established by the BRICS countries six years ago.
The NDB admitted Bangladesh, United Arab Emirates (UAE) and Uruguay as its new members in September.
External Affairs Ministry Spokesperson Arindam Bagchi said that expansion of the membership by the NDB will help it position as a premier development institution for emerging economies.
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