Algeria has formally applied to join the BRICS group and submitted a request to become a shareholder member of the BRICS Bank. The Algerian President, Abdelmadjid Tebboune, revealed this development during his recent visit to China, where he expressed Algeria's eagerness to open new economic opportunities and strengthen its partnerships with countries like China, Morocco World News reported. "We officially applied to join the BRICS group, we sent a letter asking to be shareholder members in the bank ... Algeria's first contribution in the bank will be USD 1.5 billion," An-Nahar Al-Jadid quoted Tebboune as saying. Morocco World News brings the news of Morocco and the Middle East and North Africa (MENA) region, the Middle East and Morocco. Amid the ongoing Ukraine war and the surging ideological clash between "the West and the Rest," more than 40 countries are said to have expressed interest in joining the BRICS group., Morocco World News reported.

Source: The North Africa Journal July 22, 2023 16:44 UTC