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By Staff Writers, Sputnik
Sputnik
Monday, Oct 26, 2015
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| © Sputnik/ Vladimir Fedorenko |
Iranian Deputy Minister of Economic Development Mohammad Khazaee said at a meeting of a joint Iran-Brazil economic council that Tehran aims to join the BRICS Bank.
“Iran will join #BRICS Bank: Iranian official,” Tasnim reported on its Twitter account.
The agreement to establish the BRICS New Development Bank (NDB), with an initial capitalization of $100 billion, was signed by the BRICS member states — Brazil, Russia, India, China and South Africa — during the group's 6th summit in Fortaleza, Brazil, in July 2014.
The bank was officially launched at the last BRICS summit in the Russian city of Ufa earlier this year.
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