economy: Algeria now joins the BRICS bank

The Algerian government continues to strengthen its diplomatic relations with other countries. Therefore, in order to strengthen the country’s economic administration, President Abdelmadjid Tebboune focused his attention on new shore of Development, BRICS Bank. He invested 1.5 billion dollars on behalf of the nation. An approach that demonstrates Algeria’s progress in joining the new development bank.

This phase really means the refusal of the Algerian president to get involved in the financing of development projects and contribute to the world economy. It is clear evidence of the diversification of the country’s international partnerships.

According to the content of the agreement signed with the New Development Bank, a BRICS bank, Algerians would have enough responsibility to play within this financial institution. At least that’s how we remember it from the bank’s board meeting last August.

In the same vein, it should be noted that Algeria has shown interest in the Shanghai Cooperation Organization. A strategy that will also contribute to the economic development of the country. In addition, Algeria’s membership in the Organization of cooperation Shanghai would be a testament to his commitment to maintaining regional and international partnerships.

Elliot Frost

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