BD to benefit from BRICS Bank as it needs more funds for dev goalsbdnews24.com :Bangladesh had shown interest in joining the New Development Bank, or BRICS Bank, when it was coming into being in 2014 only for it to lean towards the China-sponsored Asian Infrastructure Investment Bank for funds. Six years on, Bangladesh has agreed to be a part of the BRICS Bank initiative at a time when the bank has amassed $100 billion with an initial capital of $50 billion. "We support the NDB membership expansion process based on relevant decisions by the NDB Board of Governors. It has obtained AAA ratings from Japan Credit Rating Agency and Analytical Credit Rating Agency. Mustafizur Rahman, a distinguished fellow at the Centre for Policy Dialogue, sees three key benefits for Bangladesh of joining the BRICS Bank.

Source: bd News24 December 24, 2020 17:20 UTC