Current Affairs - International - Discussion

Algeria officially joined the New Development Bank (NDB) on May 19, 2025, marking a significant step in its international financial and development engagement. The NDB, established by BRICS nations (Brazil, Russia, India, China, and South Africa), aims to finance infrastructure and sustainable development projects globally, especially in emerging economies. Algeria’s accession to the Shanghai-headquartered institution reinforces its commitment to sustainable growth and international cooperation, particularly in South-South partnerships. As a North African nation rich in energy resources and strategically positioned between Europe and Sub-Saharan Africa, Algeria’s membership boosts the NDB’s global reach and diversifies its regional representation.