Which country became the 4th new member of the New Development Bank in 2021?

Question

Question

This question was previously asked in

Telangana Police SI Prelims 2022 Official Paper

Answer 1

The correct answer is Egypt.

Key Points

Egypt became the 4th new member of the New Development Bank (NDB) in December 2021.
The New Development Bank was established by BRICS nations (Brazil, Russia, India, China, and South Africa) in 2014 to mobilize resources for infrastructure and sustainable development projects.
Egypt joined as part of the bank’s expansion strategy to include more countries outside the BRICS bloc.
Egypt’s membership reflects the country’s growing significance in global economic and infrastructure development.