BRICS launch 'New Development Bank' (11) 2014.07.16 10:28
The leaders of the BRICS countries [Kremlin] Leaders of the BRICS emerging market nations launched a $100 billion (EUR73.5 billion) development bank and a currency reserve pool yesterday (15 July) in their first concrete step toward reshaping the Western- dominated international financial system. The bank, aimed at funding infrastructure projects in developing nations, will be based in Shanghai, and India will preside over its operations for
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