New Development Bank

Sisi highlights South-South partnerships to New Development Bank president

Wed, 12 Jun 2024 - 05:43 GMT

President Abdel Fattah El-Sisi explained on Wednesday to Dilma Rousseff, President of the New Development Bank (NDB), Egypt’s vision on South-South partnerships in achieving national development.

Egypt's accession to global development initiative spurs opportunities for enhanced partnerships with int'l partners: Al-Mashat

Tue, 11 Jun 2024 - 12:42 GMT

This came during her opening speech at the inaugural New Development Bank seminar in Egypt, noting that this is the first seminar to be held outside the founding countries of the bank, according to the Minister Al-Mashat.

Egypt’s hosting of 1st ever New Development Bank outside of BRICS founding countries highlights growing role in group

Sun, 09 Jun 2024 - 02:01 GMT

Minister of International Cooperation Rania Al-Mashat emphasized the significance of hosting the forum, stating that it symbolizes Egypt's growing role within the BRICS group and underscores the country's commitment to leveraging innovative mechanisms for development

Ministry of electricity, NDB strengthen cooperation across Egypt's energy sector

Wed, 17 Jan 2024 - 03:10 GMT

During the meeting, Kazbekov expressed the NDB's keenness to expand investments in Egypt and foster closer collaboration between the bank and the electricity sector

MOIC, NDB discuss cooperation across development sectors

Sun, 14 Jan 2024 - 05:46 GMT

The meeting primarily focused on advancing Egypt's green transition strategy, supporting efforts to increase investment in human capital, implementing green development projects, and discussing the NWFE platform

Egypt to issue bonds in local currency of NDB’s members

Sun, 14 Jan 2024 - 04:33 GMT

This is Kazbekov’s first high-level official visit to Egypt following the country’s official entry to the bank in March 2023

Minister Al Mashat participates in 8th NDB annual meeting in China

Tue, 30 May 2023 - 05:23 GMT

The MOIC minister is Egypt’s alternate governor for the NDB, with Finance Minister Mohamed Maait as the main governor

Egypt committed to improving cooperating with New Development Bank, says Maait

Tue, 30 May 2023 - 04:26 GMT

Maait also stressed the role of the private sector as a driving force for emerging economies’ growth, reducing the pressure on their budgets and necessary financing for investments that contribute to comprehensive and sustainable development

China pledges small increase in funding for BRICS

Mon, 04 Sep 2017 - 09:02 GMT

China will give 500 million yuan (£59 million) for a BRICS economic and technology cooperation plan, and another $4 million (£3 million) for projects at the BRICS countries’ New Development Bank.