Honduran President Castro applies for the country’s entry into the BRICS New Development Bank

MOSCOW, June 10 – RIA Novosti. Honduran President Siomara Castro has made a formal request for the country to join the BRICS New Development Bank. twitter.

“President Siomara Castro met in Shanghai with Dilma Rousseff, president of the BRICS New Development Bank, who officially received Honduras’ application to join the organisation,” the tweet said.

It was noted that a government technical commission will be formed in the coming days to start the entry process.

The political decision to create a New Development Bank within the framework of the BRICS was taken at a summit in Durban, South Africa, in 2013. An agreement on the bank was signed at the next summit held in Fortaleza, Brazil, in 2014. The official start of its work was given at the inaugural meeting of the Board of Governors of the bank, held in Moscow on July 7, 2015. The main aim of the Institute is to finance infrastructure and sustainable development projects in BRICS member countries and developing countries.

BRICS unites Brazil, Russia, India, China and South Africa. A number of other countries intend to join the economic bloc, including Indonesia, Turkey, Saudi Arabia and Egypt, according to the Foreign Ministry of Argentina, Iran and China. South Africa took over the BRICS presidency from China earlier this year. It will last until the end of 2023, after which it will be transferred to the next country.