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Brics Development Bank to be Established

The fifth Summit of Heads of State and Government of the world's emerging national economies, Brics, intends to launch a bank that will gather funds aimed at promoting investment in member states and other emerging markets.

  • Angola:   Brics Summit to Launch Investment Bank

    ANGOP, 27 March 2013

    The fifth summit of Heads of State and Government of the world's emerging national economies (BRICS), which is happening in Durban, South Africa, intends to launch a bank that will… Read more »

Govt of South Africa/Flickr

President Jacob Zuma with Russian President Vladimir Putin at the fifth Brics in Durban, South Africa.

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  • Angola:   Angolan President Meets Brics Leaders

    ANGOP, 28 March 2013

    The Angolan Head of State, José Eduardo dos Santos, held on Wednesday in Durbam (South Africa) separate meetings with his counterparts of Equatorial Guinea, Russia, Brazil… Read more »

  • South Africa:   Brics Group to Promote Green Economy

    SA Info, 28 March 2013

    The BRICS countries - Brazil, Russia, India, China and South Africa - have pledged to support one another in their collective fight against global warming and climate change. Read more »

  • South Africa:   Brics 'can Re-Shape Africa Funding'

    SA Info, 28 March 2013

    The BRICS alliance of Brazil, Russia, India, China and South Africa can help forge a new funding model for Africa in which projects spanning a number of countries are favoured for… Read more »

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  • Africa:   Not Yet Banking on the Brics

    IPS, 28 March 2013

    Although leaders of the Brazil, Russia, India, China and South Africa group agreed to launch a new development funding institution, giving the club a major infrastructure boost,… Read more »

  • South Africa:   The Successful Brics Summit

    ANC, 27 March 2013

    The African National Congress welcomes progress made at the BRICS Summit and thanks the South African government and the Ethekwini Metro for having successfully hosted the 5th… Read more »

  • Africa:   Brics Summit Stalls

    DW, 27 March 2013

    In Durban, BRICS countries have launched their own infrastructure lender to rival the World Bank, but it will be years before the new financial institution starts doing business. Read more »

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