Exclusive Dzair Tube Interview: Nacer Souleimane Highlights Strategic Advantages of Algeria’s New Membership in BRICS New Development Bank

✏️ BY: Dr. Hana Saada

Algiers, Algeria | September 1st, 2024 — Algeria has reached a significant milestone by officially joining the BRICS New Development Bank (NDB), marking a substantial advancement in the country’s integration into global financial systems. This development was announced on August 31 by Dilma Rousseff, President of the NDB, during the bank’s ninth annual meeting. Algeria’s inclusion underscores its growing role and commitment to advancing multilateral development.

Rousseff confirmed the news, stating, “We have a process in place to admit new members to the bank… Algeria has been granted membership,” as reported by Reuters. This move integrates Algeria into a transformative financial institution established by the BRICS nations—Brazil, Russia, India, China, and South Africa—in 2015. The NDB was created to innovate global financial governance through development-focused investments that challenge traditional financial paradigms.

Algeria’s accession comes following an official request and a significant initial contribution of $1.5 billion. This investment demonstrates Algeria’s intent to actively participate in global economic development and aligns with its broader goal of enhancing its international economic influence.

Since its inception, the NDB has served as a robust platform for emerging economies to pool resources, share expertise, and drive sustainable development projects that extend beyond conventional financial models. Algeria’s membership not only boosts its access to crucial development funding but also elevates its status as a key player in global financial dynamics.

Economic analyst Nacer Souleimane points out the strategic advantages of this membership: “By joining the NDB, Algeria gains two significant benefits. Firstly, it acquires a stake in the bank’s capital, entitling it to a share of annual profits proportional to its investment. Secondly, Algeria will enjoy preferential access to the bank’s loans for financing its development projects, benefiting from more favorable terms than non-member entities.”

This membership positions Algeria to leverage the NDB’s resources, particularly in infrastructure, energy, and technology sectors. It also opens new opportunities for strengthening bilateral and multilateral partnerships within the BRICS framework, fostering economic resilience and sustainable growth.

About Dzair Tube Media Group

Dzair Tube has firmly positioned itself as a leading force in Algerian digital journalism, delivering a rich and diverse array of content. Available in Arabic, French, and English, Dzair Tube captivates a broad audience, drawing over half a million daily clicks.

The platform’s excellence was notably recognized with the prestigious President of the Republic’s Award for Professional Journalist in the Electronic Press category on October 22, 2022. This accolade underscores Dzair Tube’s steadfast commitment to the highest journalistic standards.

Dzair Tube’s substantial online footprint includes 350,000 YouTube subscribers, over six million followers across various Facebook pages, and 450,000 Instagram followers. The digital channel serves as a nexus for a wide range of programming, spanning news, sports, entertainment, culture, and religion, catering to a diverse audience.

Boasting cutting-edge studios and advanced technology, Dzair Tube’s digital channel has attracted a significant viewership with its varied programs. It facilitates interactive discussions with key figures from various sectors, promoting public discourse and engagement. Beyond news, Dzair Tube excels in producing marketing documentaries, short TV commercials, and high-viewership shows.

The print edition of Dzair Tube’s sports newspaper, “Dzair Sport,” further attests to the platform’s influence, with over 50,000 daily downloads from the official Dzair Tube website.

Awarded the Media Leadership Award by the Minister of Communication, Mohamed Laâgab, Dzair Tube continues to shape the Algerian digital media landscape, maintaining its position of influence and impact. Additionally, Dzair Tube’s prominence in Algeria’s media scene was celebrated at the ninth edition of the “Hilals of the Television” competition, solidifying its status as a media leader.

Stay Connected with Dzair Tube