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BRICS

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BRICS to establish new multi-currency financial order

25/05/2015(0)
The new BRICS initiatives break the monopoly of existing western institutions over the financial order – a very important symbolic change, as it’s the first time a global financial ... Read More
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Russia is creating a $100 billion rival to the IMF

04/05/2015(0)
Russian President Vladimir Putin ratified an accord Saturday to set up a $100-billion reserve fund for the so-called BRICS — the five leading emerging economies that include Russia, China, ... Read More
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BRICS, banking on development

11/09/2014(0)
The creation of the BRICS New Development Bank (NDB) to finance infrastructure and sustainable development projects in emerging economies is a landmark achievement. Developing nations have lost faith in ... Read More
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How Money is Made

20/08/2014(0)
Last month, the BRICS countries (Brazil, Russia, India, China, and South Africa) announced the establishment of their own development bank, which would reduce their dependence on the Western-dominated, dollar-focused ... Read More
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The Non-Eclipse of America

29/07/2014(0)
The recent creation of a new international development bank by Brazil, Russia, India, China, and South Africa – the so-called BRICS – is just the latest challenge to America’s ... Read More
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After the Dollar

28/07/2014(0)
It is symbolic that the recent BRICS summit in Fortaleza, Brazil, took place exactly seven decades after the Bretton Woods Conference that created the International Monetary Fund and the ... Read More
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