World Bank welcomes China's new bank in poverty fight

China's new development bank can have an important role in fighting extreme poverty if it establishes high standards for its projects, World Bank President Jim Yong Kim said on Tuesday.

Development bank EBRD to invest in Greece to 2020

The European Bank for Reconstruction and Development (EBRD) said Tuesday it would begin funding critically needed investment in cash-strapped Greece as Athens nears the end of a massive bailout programme.

China picks site for BRICS bank: Reports

BRICS leaders agreed to put its headquarters in China`s commercial hub of Shanghai, which is seeking to become an international financial centre. 

BRICS to create development bank, `mini-IMF`

The summit will mark the first face-to-face meeting between India`s new Hindu nationalist Prime Minister Narendra Modi and Chinese President Xi Jiping.

BRICS agree capital structure for development bank: Report

The BRICS bloc of large emerging economies have agreed on the capital structure for a proposed development bank that aims to reduce their reliance on Western financial institutions, the Wall Street Journal reported.

PM arrives in Durban for BRICS summit

PM on Monday arrived in South Africa on a four-day visit to attend the BRICS Summit.

Brics nations likely to offer US, UK stake in development bank

The Brics group of emerging nations is likely to offer to countries such as the U.S. and the U.K. a stake of up to 45 percent in a development bank they are planning to set up.

BRICS summit to discuss feasibility of development bank

BRICS will also deliberate on the possibility of a common currency, primarily for trade purposes.