Zim in BRICS Bank talks amid reform calls

The NDB was established by the BRICS nations to mobilise resources for infrastructure and sustainable development in emerging markets and developing countries.

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…

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