Belarus Begins Consultations on Participation in BRICS Development Bank

Reform.news Editorial Team · 28 April 2026, 13:31

https://reform.news/en/belarus-begins-consultations-on-participation-in-brics-development-bank/

Belarus has started technical consultations with the New Development Bank on participation in its activities, the Finance Ministry said. The New Development Bank is a BRICS financial institution established in 2015 to finance infrastructure and sustainable development projects.

According to the ministry, participation in the NDB would give Belarus access to low-cost financing for development, reduce dependence on the US dollar, as settlements are conducted in the national currencies of BRICS countries, and help attract investment into infrastructure and promising projects.