Argentina applying to join New Development Bank


The New Development Bank will consider Argentina’s application to become its newest member, according to reports.

A delegation including economy minister Sergio Massa and central bank governor Miguel Pesce met with New Development Bank president Dilma Rousseff on June 1. Rousseff said Argentina’s application could get a decision in August, according to news agency Telam. Argentina would have to put up $250 million in capital.

Argentina also renewed a 130 billion yuan ($18.3 billion), three

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