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Posts Tagged ‘brics bank’

BRICS to announce development bank

Posted by seumasach on March 16, 2013

A Durban, les Brics se doteront d’une Banque pour changer la donne

Maghreb Emergent

4th March, 2013

La banque de développement du BRICS devrait être officiellement annoncée lors du cinquième sommet des BRICS, qui se tiendra  à Durban, Afrique du Sud, à la fin du mois de mars. L’Algérie et le Venezuela pourraient être conviés à participer au capital de la banque.
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A BRICS development bank: An idea whose time has come?

Posted by seumasach on November 19, 2012

Theresa Robles

Eurasia Review

19th November, 2012

GROWING DISCONTENT among emerging economies and developing countries marked the recently concluded Annual Meeting of the International Monetary Fund (IMF) and the World Bank in Tokyo. The implementation of the 2010 Governance and Quota Reform took the back seat to issues concerning the eurozone debt crisis.

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BRICS agree to local currency credits to ease dollar dependency

Posted by seumasach on March 29, 2012

RT

29th March, 20112

The BRICS – Brazil, Russia, India, China and South Africa – have agreed to provide credit to each other in local currencies. Officials say the deal will facilitate economic growth in times of crisis.

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China defends BRICS bank move amid dollar discontent

Posted by seumasach on March 27, 2012

The Hindu

27th March, 2012

Defending the move by the BRICS nations — Brazil, Russia, India, China and South Africa — to set up a bank, China said the developing world had been left with few options, stressing the need for governments to allocate the initial seed money for the initiative.

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Brics move to unseat dollar as trade currency

Posted by seumasach on March 27, 2012

FIN 24

25th March, 2012

SOUTH Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies.

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India presses for BRICS bank

Posted by seumasach on March 20, 2012

Asia Times

21st March, 2012

MOSCOW – India’s proposal to set up a bank of the BRICS nations (Brazil, Russia, India, China and South Africa) will top the agenda at the summit of the group in New Delhi on March 28.

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