So in their summit, from July 14 to 16, the five BRICS announced two major initiatives aimed squarely at increasing their power in global finance.
They announced the launch of the New Development Bank, headquartered in Shanghai, that will offer financing for development projects in the emerging
world. The bank will act as an alternative to the Washington, D.C.—based World Bank.
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So in their summit, from July 14 to 16, the five BRICS announced two major initiatives aimed squarely at increasing their power in global finance.
They announced the launch of the New Development Bank, headquartered in Shanghai, that will offer financing for development projects in the emerging
world. The bank will act as an alternative to the Washington, D.C.—based World Bank.
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So in their summit, from July 14 to 16, the five BRICS announced two major initiatives aimed squarely at increasing their power in global finance.
They announced the launch of the New Development Bank, headquartered in Shanghai, that will offer financing for development projects in the emerging
world. The bank will act as an alternative to the Washington, D.C.—based World Bank.