TITLE

BRICS Seek World Bank Rival

AUTHOR(S)
Investor's Business Daily
PUB. DATE
April 2013
SOURCE
Investors Business Daily;4/ 1/2013, pB02
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
10 Brazil, Russia, India, China and S. Africa agreed to set up an infrastructure fund as an alternative to the U.S.-dominated World Bank, but they left out key details like the amount of capital it would have. They also agreed to explore pooling $100 bil in central bank reserves to rival the Int'l Monetary Fund. China and Brazil will swap currencies to reduce U.S. dollar reliance in int'l trade.
ACCESSION #
86436208

 

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