Algerian President Abdelmadjid Tebboune: Algeria had submitted an official request to join the BRICS group

On Friday, the Algerian “An-Nahar” TV quoted the Algerian President, Abdelmadjid Tebboune, as saying that Algeria has submitted an official request to join the “BRICS” group, and that it will become a shareholder in the “BRICS” bank, with an amount of $ 1.5 billion.

Tebboune said, "Algeria has officially asked the president of the BRICS bank, Dilma Rousseff, to agree to be a shareholder in the bloc's bank," noting that "Algeria's first contribution will be $1.5 billion."

Earlier, Tebboune considered that his country's accession to the "BRICS" group would help it in development, more than the assistance of international financial bodies, adding that "the BRICS bank contains $100 billion, more than the World Bank."

Likewise, Tebboune said, on December 22, 2022, that "Algeria is close to joining the BRICS bloc," stressing that the BRICS countries will not mind granting Algeria full membership, and that they have approval from Russia.

The North African country, which is rich in oil and gas, seeks to diversify its economy and strengthen its partnership with countries such as China. Tebboune announced, during his visit to Beijing, that China will invest $36 billion in various fields in his country, including industry, modern technology, the knowledge economy, transportation, and agriculture.

In turn, a South African diplomat said, yesterday, Thursday, that 22 countries have submitted an official request to become members of the "BRICS" economic bloc, adding that countries, including Saudi Arabia and Iran, have officially requested to become members of the "BRICS" group, while the countries that have expressed interest in joining include Argentina, the Emirates, Algeria, Egypt, Bahrain and Indonesia.