129773822065468750_5BRIC countries (China, India, and South Africa, and Russia and Brazil) leaders will take place March 28 in India New Delhi, held its fourth meeting will discuss two issues of global economic governance and sustainable development. On the Summit, representatives of participating States reached a preliminary agreement on currency swaps, and may have jointly established a joint development Bank.(Click to enter the global stock market live 24 hour) Brazil Trade Minister feiernanduoInterest to join
tera power leveling, also supported this proposal, "it is one of the world's most dynamic economies of 5 global tool for strengthening collaboration". (Further reading leaders of the BRIC countries together again on 28th) United Kingdom site according to an article in the financial times, taking into account the establishment of the so-called BRIC countries Development Bank idea still in the discussion early, targets should be set to the best of itSavings flowing between the BRIC countries. Brazil, BRICs, a common set of development banks can provide further increase trade exchanges, particularly with Russia and China trade channels.����Analysis also pointed out that may establish joint development Bank will provide financing for emerging market countries in terms of infrastructure and financial support. The Wall Street JournalQuoted one insider as saying, they will try these five country joint development of consensus on the structure and functions of the Bank. The sources also said, BRIC Nations will have the majority of the Development Bank
tera power leveling, some developed countries may be invited to hold a minority interest. India media reported that at present within the BRIC countries may differ in the Organization, and also on issues such as the role,Program that includes the choice of headquarters locations, the election for President and other issues have yet to be tested the so-called BRIC States further consultation. (Further reading Indonesia wishes to join BRIC countries) the India Express website an article saying that, the so-called BRIC countries is the establishment of a South-South Development Bank, actually, as the promotion of South-South investment, a mechanism for helping developing countries to effectively make use of the remaining savings. TextCiting India Foreign Minister Krishna said, the Asian Development Bank, the African Development Bank, the European Bank for reconstruction and development and other regional institutions and global multilateral institutions such as the World Bank, has achieved admirable results. Establishing South-South Development Bank led by the BRIC countries will not be out of the main track of the current global financial architecture, but the existing multilateral institutions are logically "Added "effort, it will meet the needs of the BRIC countries and other developing countries. In addition, according to a report in the financial times, on the forthcoming Summit of BRIC countries, China Development Bank and Brazil, and Russia, and India, and South Africa signed a memorandum of understanding on currencies and loans. According to this memorandum,China Development Bank will provide loans to other elite members, and Russia's foreign trade Bank, India import and export Bank, Brazil Development Bank (BNDES) and the South Africa Development Bank and other development banks in other Member States but also to other Member States to provide local currency loans. The BRIC Summit was complicated when the international situation is undergoing profound changes, the world economic complexSu faces many uncertainties, the role of emerging market countries in international affairs under the background of rising and increased cooperation with each other.����Member States generally hope that this meeting will help further promote the development of BRIC countries, look forward to the positive outcome of the meeting. Reports citing South Africa Ambassador bassHeld on the Summit of BRIC countries, the so-called BRIC countries will further strengthen the common position in emerging markets, further expanding the financial state and the voice of the developing economies. Russia Assistant President ArkadiRight, make it play a more important role in the decisions of these bodies. Statistics show that since the beginning of 2010
tera gold, BRIC countries on global economic growth of more than 50%. The International Monetary Fund forecasts, 2014 BRIC countries in the world economy will reach 61% in the Delta.
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