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A total of four new countries have expressed their interest in joining the BRICS alliance this month. The number of countries that are ready to be a part of the bloc is only growing lately. The de-dollarization agenda, clubbed with a renewed consideration of local currencies is what’s attracting emerging economies into the bloc. Read here to know the reason why many developing countries are ditching the US dollar for global trade and commerce. Also Read: BRICS Countries Are Rejecting De-Dollarization BRICS: 4 Countries Ready to Join Alliance Source: Valery Sharifulin (TASS) Four new nations have come forward officially expressing their intent to be a part of the BRICS alliance. The four countries that want to join the bloc are: Bolivia Columbia Libya Namibia Also Read: BRICS: Indigenous Groups in Canada Seek Oil Deals With China While Bolivia is already a part of the BRICS alliance via the ‘Partner countries.’ It is now looking to be a full-time member. “BRICS is...

The New Development Bank (NDB), commonly called the BRICS bank, has officially authorized a new country to join the ranks. The multilateral bank, which was launched in 2015 to provide loans for developmental projects among BRICS nations is now expanding. The expansion will allow other developing countries to receive funds for projects and not be dependent on the World Bank. Also Read: BRICS: Chinese Yuan Beats Euro To Become the Second Most Used Currency This puts the BRICS bank in a unique position as NDB is looking to fund emerging economies. The NDB disburses project-based loans for building seaports, highways, and airports, among other developmental aspirations. The bank earns interest as developing nations pay up after an agreed date to clear payments. Also Read: BRICS Endorses New Country To Join the Alliance BRICS Bank Officially Allows Algeria To Join the NDB Source: aboutalgeria.com The BRICS bank (NDB) has officially allowed Algeria to join the ranks and become a member. Alge...