Zimbabwe's application to join the President of the New Development Bank of the BRICS countries
According to a report by the Zimbabwe Herald on the 28th local time, Zimbabwe's President Mnangaguva stated that the country has applied to join the New Development Bank of the BRICS countries.
The New Development Bank is jointly initiated by Brazil, Russia, India, China, and South Africa, aiming to mobilize resources for infrastructure and sustainable development projects in emerging economies and developing countries such as the BRICS, and to contribute to global growth and development as a multilateral and regional financial institution.
![Zimbabwe's application to join the President of the New Development Bank of the BRICS countries](https://a5qu.com/upload/images/2e43c0206927023735f70a64deb792bc.jpg)
The 15th BRICS Leaders Meeting will be held in Johannesburg, South Africa in August this year. South African President Ramaphosa previously stated that the application of multiple countries to join the BRICS mechanism will become one of the main topics of this BRICS summit.