Business Desk :
Bangladesh is going to join the newly formed BRICS Bank in a bid to stop watching over by International Monetary Fund (IMF) and World Bank (WB).
Tokyo-based online current affairs magazine The Diplomat published a report in this regard.
Wishing anonymity, an officials in the Ministry of Finance confirmed the matter saying that Bangladesh is “actively weighing” the possibility of joining the new BRICS development bank, The Diplomat said.
Quoting the Finance Ministry official The Diplomat reported that Bangladesh would ask its ambassadors to the BRICS countries to know details about the proposed global bank.
Bangladesh might consider becoming a founding-member if the details are found favorable, it added.
Earlier in July, at the 6th BRICS summit in Brazil, the BRICS members agreed on establishing of a new multilateral development bank with initial startup funding of $50 billion.
The bank will also maintain a currency reserve of $100 billion. The BRICS banks will be headquartered in Shanghai, with the first president of the bank coming from India.
