New BRICS bank opens for business

GMT 02:14 2015 Tuesday ,21 July

Arab Today, arab today New BRICS bank opens for business

New BRICS bank
Shanghai - Arab Today

The new BRICS bank opened for business in Shanghai on Tuesday, China's official Xinhua news agency reported.

The so-called emerging BRICS countries are made up of Brazil, Russia, India, China and South Africa, and their New Development Bank has been seen as a challenge to the Washington-based International Monetary Fund and World Bank.

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