In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘brics bank’

Victime de fonds « vautours », L’Argentine est menacee d’un defaut de paiment

Posted by seumasach on August 5, 2014

 

Jean-Paul Baquiast

Vineyard of the Saker

2nd August, 2014

L’Argentine a été invitée à la dernière réunion des BRICS à Fortaleza, du 14 au 16 juillet 2014. A cette occasion, Cristina Fernández de Kirchner, Présidente de l’Argentine, n’a pas évoqué, sauf à mots couverts, le défaut de paiement qui menaçait son pays. L’occasion aurait cependant été bonne pour elle de dénoncer le jeu des spéculateurs américains (notamment les fameux fonds vautours), soutenus par la législation des États-Unis, qui s’acharnent sur un pays fragile.

 

 

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New BRICS bank to be based in China

Posted by seumasach on July 16, 2014

… India to have presidency

Times of India

16th July, 2014

FORTALEZA, Brazil: Leaders of the BRICS group of emerging powers on Tuesday created a Shanghai-based development bank and a reserve fund seen as counterweights to Western-led financial institutions.

 

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BRICS nations hope to bankroll a changing world order

Posted by seumasach on June 9, 2014

Aljazeera

4th June, 2014

After more than six decades of dictating development policy in much of the emerging world, the Western-led International Monetary Fund and World Bank may soon have some competition.

The BRICS nations — Brazil, Russia, India, China and South Africa — are reportedly close to finalizing their long-awaited development bank and currency reserve, each valued at $100 billion, in what has been billed as a historic challenge by the world’s emerging economies to a global financial architecture that has been dominated by the U.S. and Western Europe since its post–World War II inception.

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Five reasons why the world needs the BRICS Bank

Posted by seumasach on May 4, 2014

Russia and India Report

30th December, 2013

A new development bank that will complement – and compete with – the World Bank and the IMF is on the fast track. Here’s a primer on why the BRICS Bank is a pretty sound idea.

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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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