Egyptian finance minister MAIT said in a statement on the 29th that Egypt will join the BRICs New Development Bank, which means that Egypt's economic development has been fully affirmed. Egypt looks forward to strengthening cooperation with other emerging economies and developing countries. MAIT said in the statement that Egypt is a firm supporter of multilateralism and the BRICs new development bank is a new platform for Egypt to strengthen cooperation with other emerging economies and developing countries. Egypt looks forward to strengthening partnerships with relevant countries and institutions in the fields of infrastructure construction and sustainable development in the future. Ahmed kejuk, Deputy Minister of finance of Egypt, said that Egypt's economy has a good momentum of development and needs to further consolidate the achievements of economic reform and ensure the security and stability of the investment environment. Joining the new development bank is in line with Egypt's "vision 2030" and sustainable development goals, and helps to further meet the needs of economic and social development. The New Development Bank of the BRICs, headquartered in Shanghai, officially announced on the same day that it would welcome the new member country Egypt. After obtaining the approval of the bank, the new member states also need to complete the relevant domestic procedures and formally become new members after depositing the instrument of accession with the new development bank. (outlook new era)