Ethiopia has officially announced its bid to join the BRICS-led New Development Bank (NDB), signaling its intention to deepen economic ties with emerging global partners and strengthen key domestic sectors.
According to Ethiopia’s ambassador to Brazil, Leulseged Tadese Abebe, Addis Ababa has submitted a formal membership application and is awaiting final confirmation. “We are fully committed to all frameworks within the BRICS structure, and the New Development Bank is a vital pillar for us,” said the ambassador.
He noted that the country has received strong political backing from existing BRICS member states and expressed optimism that the membership process will be finalized in the near future.
Ethiopia plans to prioritize agriculture, energy, and industry should its membership be accepted. The ambassador also highlighted the increasingly influential role of the African Union within the BRICS alliance, particularly in pushing for sustainable, inclusive growth across the continent.
“Together with nations like South Africa and Egypt, we aim to amplify Africa’s voice within BRICS and promote the continent as a hub for trade, investment, and innovation,” Abebe added.
Founded in 2014, the New Development Bank focuses on financing infrastructure and development projects across the Global South. The institution has been expanding its reach, funding initiatives in clean energy, transportation, and digital infrastructure.
Ethiopia’s application marks another step in its broader strategy to tap into new international funding sources and accelerate economic transformation through strategic partnerships.