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Egypt Joins New Development Bank to Find Alternative Forms of Finance

President Abdel Fattah El-Sisi’s ratification of an agreement establishing the New Development Bank (NDB), of the BRICS bloc, was published in Egypt’s Official Gazette on Thursday, 30 March. This comes after Egypt’s Cabinet approved plans for Egypt to join the NDB — a multilateral lender set up by Brazil, Russia, India, China and South Africa
South Africa United States Abdel Fattah El Sisi World Bank International Monetary Fund Development Bank

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