Tag: mineral wealth

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BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor

October 17, 2024

A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the introduction of Zimbabwe Gold (ZiG), a currency backed by mineral wealth,…
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Algeria Readies $1.5B BRICS Bid: Major Move for Membership in the Cards?

July 25, 2023

As quoted by Ennahar TV, Algerian president Abdelmadjid Tebboune has signaled that Algeria — Africa’s largest nation — is eager to align itself with the BRICS coalition. He conveyed that this significant alignment with the five major emerging economies could potentially unlock unprecedented economic prospects for all the nations. Algeria Sets Sights on BRICS In…
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