Last Updated: Thursday, November 21, 2013, 14:11
Singh said the BRICS countries have chosen differing growth paths suited to their macroeconomic conditions and varied institutional strengths.
Last Updated: Monday, September 02, 2013, 08:55
The establishment of the development bank aimed at providing funds for infrastructure projects has been slow in coming, with prolonged disagreement over funding and management of the institution.
Last Updated: Thursday, April 11, 2013, 23:27
The combined output of BRICS countries will surpass the aggregate GDP of the US, Canada and other European nations by 2020, said a UN report.
Last Updated: Tuesday, April 02, 2013, 16:31
On March 27, BRICS nations had decided to establish a new development bank to finance infrastructure projects.
Last Updated: Friday, March 29, 2013, 09:48
The International Monetary Fund has said it is following with "great interest" the recent announcement by leaders of Brazil, Russia, India, China and South Africa (known as BRICS) to establish a development bank.
Last Updated: Friday, March 29, 2013, 09:25
The US has expressed hope that the new multilateral development bank planned by BRICS countries will work closely with existing international financial institutions and follow best of the practices.
Last Updated: Thursday, March 28, 2013, 23:58
Hailing the BRICS summit's decision to launch a development bank and a Contingency Reserve Arrangement (CRA), Prime Minister Manmohan Singh Thursday said India's initiatives in these projects made a significant progress.
Last Updated: Thursday, March 28, 2013, 11:34
PM said BRICS should also directly support the process of development and change now underway in Africa.
Last Updated: Wednesday, March 27, 2013, 18:18
BRICS nations on Wednesday decided to establish a new development bank to finance infrastructure and to create a USD 100 billion Contingency Reserve Arrangement to tackle any financial crisis in the emerging economies.
Last Updated: Wednesday, March 27, 2013, 17:42
The BRICS Development Bank could become a World Bank in future due to the increasing influence of emerging countries, chairman of Goldman Sachs Asset Management said Wednesday.
Last Updated: Sunday, March 24, 2013, 14:03
The highlight of the Summit of the emerging economies of Brazil, Russia, India, China and South Africa (BRICS) is the possible setting up of the BRICS bank. But there is no no clarity on its corpus.
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