Zimbabwe has joined the New Development Bank (NDB) created by the BRICS countries, Finance and Economic Development Minister Mthuli Ncube announced on Thursday. "We are working with many banks to finance our industry and recently joined the BRICS bank, which is a positive step in securing credit lines," The Herald newspaper quoted him as saying. The Herald notes that NDB membership should open up long-term financing for infrastructure and industrial projects for Zimbabwe. In May, Ncube announced the start of official negotiations on Zimbabwe's accession to the NDB. The New Development Bank was established by Brazil, Russia, India, China, and South Africa to finance infrastructure and sustainable development projects in developing countries.