Algeria Joins BRICS Development Bank

Published: Aug 31, 2024 Duration: 00:00:59 Category: People & Blogs

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hey Algeria what's new with you we have joined brics's new development Bank wait so you joined bricks no it's not the same we just joined their new development Bank the NDB I'm confused what's that so it was created by Brazil Russia India China and South Africa and imagine they made a piggy bank together all right so they all put money in there and if any of the countries need it for building roads schools hospitals they can just take the money from the bank or actually they bought borrow the money and today we were like can we join and they said sure wait so now it's those five countries in you Algeria there's also UAE Egypt Uruguay and Bangladesh in there so yeah it's growing to be a big bank now but why add new countries to this Bank anyways cuz when more countries join the bank the stronger it gets cuz every country is going to put a lot of money and then there'll be a lot of money to take from but again you just take that money to borrow it in times of need not whenever you want and then not return it back

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