Brics: Trade Dollars The Yuan

[Sir X]

Batista said that although the bank's founding countries (BRICS) have been facing challenges of economic growth at different levels, be they slowdown or recession, this condition would not affect the NDB's long-term plan and commitment to finance ...

http://economictimes.indiatimes.com/...w/52534563.cms

[Sir X]

New global order

As a grouping of influential developing countries, the BRICS are poised to play a key role in reforming the international monetary system and shaping the new development agenda. In our view, this is a new regime order that will not necessarily replace the Bretton Woods Institutions but will exist parallel to them.

The BRICS countries are thinking beyond merely financing infrastructure gaps. It is possible that they will also be driven by a goal to provide a platform for policy learning in ways that could reduce the significance of the World Bank’s “knowledge partnership” engagement with middle-income countries.

http://www.economywatch.com/features...r-Age0601.html