Iran is poised to become a member of the New Development Bank (NDB), established by the BRICS economic group. This announcement was made by Abdolnaser Hemmati, Governor of the Central Bank of Iran. The move signifies a broadening of monetary and banking collaboration between Iran and BRICS nations. Joining the NDB is anticipated to bolster Iran's economic connections within the bloc. The NDB was formed as an alternative to the World Bank and IMF, offering financing for infrastructure and sustainable development projects. This development occurs as Iran seeks to strengthen economic partnerships amid international sanctions. Hemmati emphasized the importance of expanding cooperation among member states within the bank.