The UAE deposited its accession instrument, becoming an effective member of the bank before it was invited to join the BRICS grouping in 2023.
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Why was the UAEโs 2021 entry a separate milestone from its 2023 invitation?
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Explanation
Membership of the development bank and of BRICS are different processes.
The UAE was already an effective NDB member before its later BRICS invitation.
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Explanation
It joined the bank in 2021 and was invited into BRICS in 2023.