BRICS Nations To Form Bank To Rival World Bank, IMF

July 16, 2014   // 0 Comments

  By SILVIO IZQUIERDO  of Associated Press via Huff Post World Post FORTALEZA, Brazil (AP) — The leaders of five emerging market powers said at a summit Tuesday that they gave final agreement to creating their own development bank worth $100 billion that will have its headquarters in China. The first president of the New Development Bank will be from India and the position will rotat...

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