Question
Download Solution PDFWhich country became the 4th new member of the New Development Bank in December 2021?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Egypt.
Key Points
- India welcomed Egypt's entry as the fourth new member of the New Development Bank (NDB).
- NDB started operations on July 21, 2015
- The NDB admitted Bangladesh, United Arab Emirates (UAE), and Uruguay as its new members in September 2021.
- The BRICS (Brazil-Russia-India-China-South Africa) set up the bank to mobilize resources for infrastructure and sustainable development projects.
Additional Information
- The 6th edition of the BRICS Film Festival awards was announced at the 52nd International Film Festival of India in Goa in November 2021.
- Prime Minister of India, Narendra Modi has chaired the 13th BRICS Summit, through video conferencing in September 2021.
- The theme of the India-led summit was “BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus.”
- In August 2021, The 11th meeting of the BRICS High Representatives Responsible for National Security was held via video conferencing.
- New Development Bank:
- Headquarter: Shanghai, China
- President: Marcos Prado Troyjo
Last updated on Jul 14, 2025
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