What is the name of the latest country to join the BRICS bank as a member?
  • Indonesia
  • Sweden
  • Brazil
  • Egypt
Answer- D
Egypt has recently become a member of the BRICS New Development Bank (NDB) following a visit by President Abdel-Fattah El-Sisi to India as the chief guest for the Republic Day celebrations. According to sources familiar with the matter, Egypt's membership was officially confirmed on March 22, after the country joined the NDB on February 20.

Egypt, as an African-Arab nation, aims to improve its infrastructure and believes that the funding provided by the NDB can play a significant role in achieving this objective.

The upcoming BRICS Summit, to be hosted by South Africa in August, is expected to promote trade within BRICS nations using their respective currencies, thereby enabling member nations to safeguard their foreign exchange reserves.