Algeria has officially become a new member country of the New Development Bank (NDB).
According to the official website of NDB on May 19, 2025, Algeria deposited its instrument of accession, in line with the provisions of the Articles of Agreement of the New Development Bank.
“On behalf of New Development Bank, I truly congratulate Algeria for joining the Bank. Algeria plays an important role not only in the economy of Northern Africa, but also at a global scale, and will definitely contribute to enhancing NDB’s position in the global financial arena,” said H.E. Mrs. Dilma Rousseff, NDB President.
“We are delighted to announce the formalization of Algeria’s membership of the New Development Bank and thus becoming a full member of this prestigious international financial institution,” said H.E. Mr. Abdelkrim Bouzred, Minister of Finance of the People’s Democratic Republic of Algeria, as reported at the website.
