Thursday, June 11, 2015

BRICS New Development Bank and Africa

Modern Diplomacy published on 10 June 2015 a commentary titled "BRICS Bank Could Change the Game" by Kester Kenn Klomegah, an independent researcher with considerable experience in Moscow. 

The author reviews the genesis of the BRICS New Development Bank, which is intended to establish a $100 billion pool of currency reserves, and suggests that it could result in the BRICS becoming powerful players in global decision-making.  

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