Perspective
16 July 2014
BRICS set up New Development Bank
Region:
Middle East & Africa, Americas, Asia-Pacific, Europe
In a landmark development, the leaders of the BRICS countries - Brazil, Russia, India, China and South Africa – have signed a treaty to set up a BRICS development bank, to be known as the New Development Bank. The agreement was signed at the 6th BRICS summit held in Fortaleza, Brazil.
