THE commencement of formal discussions for Zimbabwe to join the BRICS-backed New Development Bank (NDB) is a breakthrough, although accessing the lender’s deep pockets depends entirely on domestic reform, analysts have said. The Ministry of Finance last week confirmed that Zimbabwe has entered formal membership negotiations with the BRICS NDB following official correspondence from the…
Zim in BRICS Bank talks amid reform calls
This comes as the NDB’s board of governors approved Zimbabwe’s admission in July 2026, in a move set to end the country’s more than two decades without access to direct concessionary loans or credit lines from traditional international financial institutions.