Development Bank

Proposal for setting up of new Development Bank for BRICS Countries

The BRICS - Brazil, Russia, India, China and South Africa.  There is a proposal for setting up of a new Development Bank for mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. In March 2012, BRICS Leaders directed their Finance Ministers to consider the possibility of setting… Read More

Tags: BRICDeveloping countryDevelopment BankEmerging marketsFinance MinisterIndiaSustainable developmentWorld Bank

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