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: 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.
Last Updated: Wednesday, March 20, 2013, 20:30
The summit of BRICS nations, namely Brazil, Russia, India, China and South Africa, is scheduled from March 26-27 in the South African city.
Last Updated: Tuesday, March 19, 2013, 18:10
The summit which will also be attended by Prime Minister Manmohan Singh among others will be held in Durban on March 26 and 27.
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