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The BRICS countries set up their own "World Bank"
More control and more security is wanted. The five largest emerging economies, the so-called BRICS countries, therefore they deepen their alliance. They are setting up a multibillion Dollar alternative to the International Monetary Fund (IMF) and the World Bank.
The BRICS countries represent four continents, make up 26 percent of the earth's surface and make up almost half the world's population. Compared to these figures their influence in the world is small. But that is about to change now. The five major emerging economies Brazil, Russia, India, China and South Africa see their time has come.
More control and more security is wanted. The five largest emerging economies, the so-called BRICS countries, therefore they deepen their alliance. They are setting up a multibillion Dollar alternative to the International Monetary Fund (IMF) and the World Bank.
The BRICS countries represent four continents, make up 26 percent of the earth's surface and make up almost half the world's population. Compared to these figures their influence in the world is small. But that is about to change now. The five major emerging economies Brazil, Russia, India, China and South Africa see their time has come.
