BRICS is no longer in need of proving to the naysayers its sustainability and viability. The time has now come for it to expand its membership and reach among emerging markets.
South Africa today hosts the 10th BRICS Summit amid growing global trade tensions[PREUSS]
The world was in the grips of a growing financial crisis when Brazil, Russia, India and China first agreed to form an economic bloc in 2008.
Chinese Finance Minister Lou Jiwei (C), Shanghai Mayor Yang Xiong (R) and President of the New Development Bank (NDB) of BRICS K.V. Kamath attend the launching ceremony of the bank in Shanghai, east China, July 21, 2015 [Xinhua]
The BRICS New Development Bank (NDB) has approved two loans – for a water infrastructure project in India and the other is for a transport infrastructure project in Russia.
The Board of Directors (BoD) of the NDB approved two infrastructure projects with a loan value of US$413.8 million during the 12th BoD meeting in Shanghai on November 20.
Is North Korean leader Kim Jong Un the insane leader of a rogue state as the media makes him out to be? Here, he is addressing the central committee of the ruling Workers’ Party in Pyongyang [North Korean Central News Agency]
News that the Democratic People’s Republic of Korea (DPRK, also known as North Korea) on Sunday successfully tested its sixth hydrogen bomb, meant for long-term missile warfare, has brought speculations of a nuclear Armageddon back to the fore.
The 9th BRICS summit in Xiamen, China is not a routine meeting because it comes at a time when the bloc is entering a new stage of intensive development.
Moreover, it is the place for China to demonstrate its new role in international relations and the global economy.
The summit also comes at a time of increased political tensions in different areas, both close to the venue itself – that is, the Korean peninsula – and faraway Syria and the Middle East.
Special Report on 9th BRICS Summit in Xiamen, China
Chinese Finance Minister Lou Jiwei (C), Shanghai Mayor Yang Xiong (R) and President of the New Development Bank (NDB) of BRICS K.V. Kamath attend the launching ceremony of the bank in Shanghai, east China, July 21, 2015 [Xinhua]
The BRICS New Development Bank is hoping to increase the size of its loans in 2017, a Chinese Ministry of Finance official said on Thursday.
The statements by Zhou Qiangwu reiterate remarks made last year by the NDB Vice-President Zhu Xian.
(MPN) In 2011, a Swiss study confirmed what many already knew or suspected: bankers run the world. The study, completed by the Swiss Federal Institute of Technology in Zurich, found that “a large portion of control flows to a small tightly-knit core of financial institutions,” essentially forming a network of global corporate control.
RT | May 12, 2015 Greece has been invited by Russia to become the sixth member of the BRICS New Development Bank (NDB). The $100 billion NDB is expected to compete with Western dominance and become one of the key lending institutions. The invitation was made by Russian Deputy Finance Minister Sergey Storchak on Monday […]
