THE Zimbabwean government has begun formal negotiations for membership to the BRICS New Development Bank, Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube said in a statement on Saturday.
The minister said that Zimbabwe had received official communication from New Development Bank President Dilma Rousseff, confirming the start of the accession process and outlining the next steps toward full membership.
“The government of the Republic of Zimbabwe welcomes the decision by the Board of Directors of the New Development Bank authorizing the commencement of formal negotiations regarding Zimbabwe’s membership of the Bank,” Ncube said. He noted that the landmark development represents a major milestone in Zimbabwe’s engagement and re-engagement agenda, reflecting growing international confidence in the country’s economic reform program, macroeconomic stability, and private sector-driven investment growth strategy.
Xinhua
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