Tag Archives: BRICS Agree On $50Bn IMF Rival Bank Difficult Details Remain

BrianKelly’sBlog – BRICS Agree On $50Bn IMF Rival Bank Difficult Details Remain – 3 September 2013

brian-kelly27s-blogBRICS agree on $50bn IMF rival bank, ‘difficult’ details remain
September 3, 2013
http://special-events.rt.com/summit-g20/news/brics-bank-g20-petersburg/

While I am in total disagreement that it will take this long to be done with the IMF once and for all, it’s still nice to see the BRICS guys making moves in the right direction. ~BK

The ‘big five’ of the developing world, the BRICS nations, will meet on the sidelines of the G20 to further iron out the details of their proposed development bank, which will pool foreign reserves from the five nations to create a fund of up to $100bn. Continue reading