The BRICS bank BRICS – Brazil, Russia, India, China, and South Africa. Seen as a competitor to the WB and the IMF The emerging economies claim they are better off having these institution themselves But it is not the first regional development bank And because they have little in common, the BRICS countries may not agree on the terms
The BRICS bank BRICS – Brazil, Russia, India, China, and South Africa. Seen as a competitor to the WB and the IMF The emerging economies claim they are better off having these institution themselves But it is not the first regional development bank And because they have little in common, the BRICS countries may not agree on the terms