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Zimbabwe joins BRICS New Development Bank

Un país africano se une al Nuevo Banco de Desarrollo del BRICS
Cooperation areas
Economic GrowthInstitutional Development

Source: RT en Español | Original Published At: 2026-07-23 16:41:46 UTC

Key Points

  • Zimbabwe has joined the New Development Bank of BRICS.
  • Zimbabwe's Finance and Economic Development Minister, Mthuli Ncube, said the move aims to secure long-term financing for industrial projects.
  • The minister described joining the BRICS bank as a positive step for obtaining credit lines to support Zimbabwe's industry.
  • The New Development Bank is one of BRICS' key mechanisms and was founded in 2014 with statutory capital of $100 billion.
  • BRICS has expanded beyond its original five members to include Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and Indonesia, while several other countries are partners.
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