Comments on: BRICS Launch New $100 Billion Bank, Sign Agreement On $100 Billion Currency Reserve Pool

By: BRICS Bank Said To Open Offices In Member States In 2016 | EMerging Equity

BRICS Bank Said To Open Offices In Member States In 2016 | EMerging Equity — Wed, 22 Jul 2015 20:31:26 +0000

[…] On July 7 the BRICS officially launched their $100 billion bank and signed an agreement on their $100 billion currency reserve pool — also known as the Contingent Reserve Arrangement (CRA) — ahead of the summit of SCO and BRICS that was held in the Russian industrial city of Ufa on July 8-10. […]

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By: BRICS Bank To Start Lending In Local Currencies In Q1 2016, President Says | EMerging Equity

Fri, 10 Jul 2015 23:07:42 +0000

[…] billion New Development Bank (NDB), also known as the BRICS bank, which comprises of the members of the BRICS grouping of emerging […]

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By: India, Pakistan Upgraded To Members Of The Shanghai Cooperation Organization (SCO) | EMerging Equity

Fri, 10 Jul 2015 20:36:16 +0000

[…] SCO decision comes a day after the BRICS Summit of emerging market nations — Brazil, Russia, India, China, and South Africa — that was held […]

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By: Daniel Friedheim

Daniel Friedheim — Thu, 09 Jul 2015 15:27:32 +0000

Very comprehensive summary of what the BRICS have been up to, from the self-bail out fund to compete with the IMF and (yet another) development bank to compete with the World Bank. If the BRICS’ influence in the world is to grow, though, more than just the Indian economy will have to accelerate. Otherwise, all of this high-flying diplomatic and political language will start to sound hollow, don’t you agree? (Here’s my free BRICS infographic based on World Bank’s Global Economic Prospects, its semi-annual GDP growth rate forecasts update: http://internationalinsights.org/infographics.html .)

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