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RNI NO:KARENG/2010/353381 VOL : 3 ISSUE.NO.1441 DAILY BANGALORE,INDIA 13THJULY2014 Pages -4 $1/-USD
BRICS Countries to...
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MONEY & RATES BANKING & FINANCE INFORMATIONTECHNOLOGY ADVERTISING & MARKETING INTERNATIONAL BUSINESS
Fortune World
ECONOMY & POLITICS
RNI NO:KARENG/2010/353381 VOL : 3 ISSUE.NO.1441 DAILY BANGALORE,INDIA 13THJULY2014 Pages -4 $1/-USD
BRICS Countries to Discuss Creation of Financial Institutions with up
to US$ 200 Billion in Reserves
India,Rio de Janeiro (12 July 2014) - The leaders of the
BRICS countries (Brazil, Russia, India, China, South Africa) will meet at the VI BRICS Summit next week in Brazil
to discuss the creation of a Development Bank to finance
infrastructure and sustainability projects, as well as a reserve fund to assist countries of the bloc if they suffer difficulties with their balance of payments.This information was
confirmed byAmbassador José Alfredo Graça Lima, Under-Secretary-General for PoliticalAffairs II of the Brazilian
Ministry of Foreign Affairs, during a news conference held
recently at the João Saldanha Open Media Centre in Rio
de Janeiro. “The completion
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