ESPAÑOL
Home GTCIT Travel, Hotels and Vacations Flights and Cheap Tickets Loans and Credits Paris, Hauts-de-Seine Cologne
Düsseldorf Seine-Saint-Denis, Val-de-Marne London, City of Westminster Dortmund, Essen Duisburg, Bonn Milano



BRICS study group creation to organize a development bank


          Article may be not complete and may be subject to copyright. original article is
          on the page: http://www.gtcit.com/
2017 Revista GTCIT Magazine
Visit Author's Website this link will take you to the website this article was originally published in
Revista GTCIT Magazine has not editorial line, does not express or publish its own opinions, does not support or share the opinion of an author or publisher in particular. Any content or material such as text, photo, graphic, audio, and/or video, lyrics, artworks, blogs, news, logos & trademarks on GTCIT Networks websites, systems, designs, etc, are property of their respective authors. Revista GTCIT Magazine does not publish contents or materials of its own property, except as otherwise indicated. The contents and materials belong to their respective authors.






Brazil, Russia, India, China and South Africa will join efforts to have a specific development bank for the group of BRICS – formed by five countries. A working group formed by technicians from five nations will conduct the studies to organize and put together the financial institution. However, before consolidation, the group will internally negotiate with local currencies. The decisions were set yesterday in a joint statement signed by the President Dilma Rousseff and by the Presidents Dmitri Medvedev (Russia), Hu Jintao (China) and Jacob Zuma (South Africa), in addition to the Prime Minister of India, Manmohan Singh, at the closing of the 4th Summit of the BRICS, in New Delhi, India. The President stated that the creation of the bank is a “positive indication”. According to her, the BRICS countries indicate that it is possible to grow economically by creating jobs and distributing income. She praised the joint initiative to adopt local currencies on the internal negotiations of the group. “The BRICS [countries] are a dynamic element in the international trade,” she concluded. The proposal to create a development bank of BRICS was presented by the Indian prime minister. The idea is that the new institution is to become a kind of alternative to the World Bank and for the International Monetary Fund (IMF). The details will be set by the working group that will organize its creation. For the Brazilian negotiators, the process of a bank creation will occur over the long term, as it will be necessary to define a number of aspects such as reference terms, the body structure and how the capital will be paid up, along with the practices of bilateral and multilateral trading.
Back   
GTCIT Magazine
   Magazine  Show & Tour  Cheap Flights  Family, Home & Progress
ESPAÑOL
GTCIT
Networks


      
Latest News
Brazilian public sector primary surplus ...
Brazilian industry confidence index incr...
Trade activities between Brazil and Indi...
Dilma invites BRICS members to the Rio+2...
Ministry of Environment awards sustainab...
Minister presents a positive scenario fo...
Central Bank maintains in 3.5% the estim...
Ministry of Agriculture highlights susta...
More than 100 State and Government chief...
BRICS study group creation to organize a...
Magazine
Dilma invites BRICS members to the Rio+20
BRICS study group creation to organize a development bank
BNDES and official banks of BRICS sign agreement to finance companies in local currency
Brics countries are more advanced on the combat of poverty than developed nations, says report
India will be the first emerging country to open vacancies at the local universities for Brazilian scholars
Dilma goes to India to participate in the 4th meeting of the Brics
India is to suggest the creation of a “Bank of the Brics” during the Summit of Heads of State and the Government
Dilma signs a cultural agreement with the City of Berlin
BRICS ministers gather at WTO
Fabrics will be seized by the Revenue for the flood victims of PE and AL


  Follow gtcit on Twitter Follow Us on Twitter
Sun, February 19 2017
Date & Time
Home GTCIT Travel, Hotels and Vacations Flights and Cheap Tickets Loans and Credits Paris, Hauts-de-Seine Cologne
Düsseldorf Seine-Saint-Denis, Val-de-Marne London, City of Westminster Dortmund, Essen Duisburg, Bonn Milano
           
GTCIT - Great City Magazine GTCIT
Brazil, Russia, India, China and South Africa will join efforts to have a specific development bank