Iran will soon join the BRICS development bank, according to the country's central bank governor. This was reported by Qazaqyia.kz citing Reuters.
The governor of Iran's central bank said the country will soon join the BRICS development bank. This step is aimed at strengthening Iran's cooperation with international financial institutions.
BRICS is an international organization uniting major developing economies such as Brazil, Russia, India, China, and South Africa. The development bank is focused on financing infrastructure and sustainable development projects in BRICS countries.
Iran's accession is expected to expand the bank's geographic reach and open new opportunities. Read more in Reuters.