At a meeting of a joint Iran-Brazil economic council Iranian Deputy Minister of Economic Development Mohammad Khazaee announced that Iran intends to join the BRICS Bank, Sputnik News reports, referring to the Iranian Tasnim news agency.
The agreement to establish the BRICS New Development Bank (NDB), was signed by the BRICS member states - Brazil, Russia, India, China and South Africa - during the 6th summit of the group in Fortaleza, Brazil, in July 2014.