: :inin Kyiv (EET)

Will the New BRICS Bank Break with Traditional Development Models, or Replicate Them?

The heads of state of three of the five BRICS countries – Russia, India and Brazil – pose for a photograph during the 2014 BRICS Summit. Credit: Official Flickr Account for Narendra Modi/CC-BY-SA-2.0By Kanya D’AlmeidaUNITED NATIONS, Jul 7 2015 (IPS)Just days ahead of a summit of the BRICS group of emerging economies (Brazil, Russia, India, China and South Africa) in which the five countries are expected to formally launch their New Development Bank (NDB), 40 NGOs and civil society groups have penned an open letter to their respective governments urging transparency and accountability in the proposed banking process.“In terms of …read more

Source: Inter Press Service

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