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Zimbabwe secures membership in BRICS New Development Bank

24 Jul 2026, 13:30 GMT By CGTN
Zimbabwe secures membership in BRICS New Development Bank
Credit: CGTN

The New Development Bank was established by Brazil, Russia, India, China and South Africa in 2014 and began operations in 2015. It finances infrastructure and sustainable development projects in BRICS countries as well as other emerging and developing economies.