Why are the BRICS starting a bank? And 9 more FAQs

There are no surprises, but lots of questions, about Beijing’s espousal of the BRICS bank, launched last week by China as well as Brazil, Russia, India and South Africa. The freshly named New Development Bank (NDB) is designed to provide both development finance and balance of payments funding on…

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Why are the BRICS starting a bank? And 9 more FAQs

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