Business and Economics Politics

BRICS Development Bank: More about political posturing than anything?

“The BRICS¬†development bank will take shape at the fifth BRICS¬†summit to be held in the eastern port city of Durban, South Africa, next month. The governments of Brazil, Russia, India, China and South Africa will each make an initial capital injection of $10 billion to fund the bank, which will not only symbolize the unity […]