15 November, 2024
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New Development Bank

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Cabinet approves draft resolution to establish the New Development Bank

The cabinet approved, during Wednesday’s meeting chaired by Prime Minister Mostafa Madbouly, a draft decision of from the president approving an agreement to establish the New Development Bank, affiliated to the BRICS bloc, and Egypt’s accession document to the bank. The bank, established in 2015 by a group of major emerging economies, works to support …

The post Cabinet approves draft resolution to establish the New Development Bank appeared first on Egypt Independent.

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