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Brics - Politics, Business, Civil, History - Posted: 10th Mar, 2015 - 11:09am
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International banking
Post Date: 16th Jul, 2014 - 10:59am / Post ID: #
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BRICS
BRICS nations launch new development bank:
The two new BRICS institutions are intended to provide developing countries with alternatives to the World Bank and International Monetary Fund (IMF), which are headquartered politically as well as physically in the US capital. Ref. Source 3
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Post Date: 10th Mar, 2015 - 11:09am / Post ID: #
NOTE: News [?]
BRICS
Putin signs law on ratification of $100 billion BRICS New Development Bank deal:
The BRICS New Development Bank (NDB) was set up to challenge two major Western-led giants - the World Bank and the International Monetary Fund. NDB's key role will be to serve as a pool of currency for infrastructure projects within a group of five countries with major emerging national economies - Russia, Brazil, India, China and South Africa. Ref. Source 6
TOPIC: BRICS