BRICS will create its own Development Bank

Two
years ago at the BRICS summit in South Africa for the first time
a proposal was made: not to create
Do we own an international bank
development, which will serve
a country with a promising emerging
economy?

On
summit in Brazil, which will take place
15 - 16 July, is scheduled to take
the final decision on this issue.
Agreed in principle to give all five
countries that belong to the alliance.
Development Bank Headquarters will
located either in New Delhi or Shanghai.
Paid up capital of the bank will be
$ 10 billion each country
will provide 2 billion and formed
this pool for 7 years. Participate
in the bank's activities can and other
emerging economies.