African state joins BRICS bank

Algeria says its admission is a significant step toward further integration into the global financial system

Algeria has been granted membership in the BRICS New Development Bank (NDB), the institution’s president, Dilma Rousseff, and the North African nation’s Finance Ministry have announced.

The decision was made on Saturday at the ninth annual meeting of the Board of Governors of the NDB in Cape Town, South Africa, the Algerian...