Dhaka, Dec. 24 -- Abul Maal Abdul Muhith, then the finance minister, had told bdnews24.com that the government had not been thinking much about BRICS Bank due to its sluggishness at the time and would consider joining it once it picked up speed.

Six years on, Bangladesh has agreed to be a part of the BRICS Bank initiative at a time when the bank has amassed $100 billion with an initial capital of $50 billion.

Analysts see it as a positive move. They believe the multinational bank would facilitate infrastructure loans minus the authoritative glare of the United States or European nations.

But they do not see a big difference between the NDB and other multinational development banks in terms of conditions for loans and banking operations...