BRICS women entrepreneurs convene first forum in Moscow

The bank signed a US$2 billion facility, including an optional increase, diversifying how it raises capital for development lending.

Egypt joined the leaders’ grouping following the Johannesburg invitation. This is separate from its earlier entry into the New Development Bank.

Ethiopia joined as the group expanded its representation in Africa beyond South Africa and Egypt.

Iran joined the group following the Johannesburg invitation, broadening participation from West Asia.

The UAE joined BRICS following its 2023 invitation. It had separately become an NDB member in 2021.

The forum advanced a roadmap for tourism exchanges, skills, sustainable tourism and digital services.

Parliamentary representatives signed a protocol linked to the forum’s memorandum, strengthening exchanges among legislatures after enlargement.

A US$1 billion loan supported water supply and sanitation infrastructure in municipalities, addressing basic service gaps.

At their ninth annual meeting, governors discussed sustainable investment and the bank’s development priorities in its African host country.

A R5 billion agreement aimed to modernize South Africa’s freight rail system and improve logistics.