Treasury banks on BRICS NDB membership

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.

THE government says it will make provision in the 2027 national budget and subsequent budgets to fully activate Zimbabwe’s membership of the New Development Bank (NDB) of BRICS. This, the authorities say, is aimed at unlocking financing by meeting membership instalments as they fall due and aligning the payment schedule with the budget cycle. This…

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