Brics Set to Launch Development Bank


The Brics grouping comprising Brazil, Russia, India, China and South Africa, have decided that Shanghai, China would be the city in which their new development bank will be based - this as Brazil takes over as chair of the organisation.

Shanghai Skyline, China.

  • South Africa:  South Africa's Changing Economy in the Context of Brics

    GEGAfrica, 21 July 2014

    International economic agendas are shaped by domestic constraints and socio-economic development objectives - and the BRICS (Brazil, Russia, India, China and South Africa) states ... read more »

  • Africa:  Brics Summits Make Little Progress On Science Cooperation

    SciDev.Net, 21 July 2014

    Scientific cooperation among the BRICS countries lags far behind its potential, according to Brazilian experts speaking after last week's BRICS summit in Brazil. read more »

  • Africa:  Will the Brics Bank Be a Game Changer?

    The South African Civil Society Information Service, 22 July 2014

    Last week Brazil, Russia, India, China and South Africa (BRICS) announced they are joining forces to establish a BRICS alternative to the World Bank. The BRICS bank will be ... read more »

  • South Africa:  As Winds of Change Blow, South America Builds Its House With Brics

    Inter Press Service, 18 July 2014

    While this week's BRICS summit might have been off the radar of Western powers, the leaders of its five member countries launched a financial system to rival Bretton Woods ... read more »

  • Africa:  Brics Forges Ahead With Two New Power Drivers - India and China

    Inter Press Service, 17 July 2014

    The Sixth BRICS Summit which ended Wednesday in Fortaleza, Brazil, attracted more attention than any other such gathering in the alliance's short history, and not just from its own ... read more »

  • South Africa:  Brics to Draw Up Roadmap for Economic Cooperation

    SouthAfrica.info, 16 July 2014

    The leaders of Brazil, Russia, India, China and South Africa vowed to push for more comprehensive cooperation and a closer economic partnership at the close of the sixth Brics ... read more »

  • Africa:  South Africa to Host Africa Branch of Brics Bank

    SouthAfrica.info, 16 July 2014

    The Brics emerging market bloc on Tuesday announced the signing of an agreement that paves the way for the establishment of a New Development Bank, to be headquartered in Shanghai, ... read more »

  • Africa:  Africa Hopes for Infrastructure Aid From New Brics Bank

    Deutsche Welle, 16 July 2014

    The new BRICS development bank and reserve fund launched this week are intended to provide an alternative to existing Western-led institutions. Africa hopes for aid to make ... read more »

  • South Africa:  South Africa Hands Brics Baton to Brazil

    SouthAfrica.info, 15 July 2014

    South Africa was set to hand over the chair of the Brics (Brazil, Russia, India, China and South Africa) grouping at the start of the sixth Brics summit in Fortaleza on Tuesday. read more »

  • Africa:  The New Brics Bank Should Offer a New Vision for Development, Not More of the Same

    Oxfam International, 15 July 2014

    Today leaders from Brazil, Russia, India, China, and South Africa -better known as the BRICS- finalized their 6th summit in Fortaleza, Brazil, consolidating the creation of a new ... read more »

  • South Africa:  Pres Zuma in Fortaleza for Brics Summit

    SAnews.gov.za, 14 July 2014

    President Jacob Zuma has arrived in Fortaleza, Brazil, where he will attend the sixth Brazil, Russia, India, China and South Africa (BRICS) Summit. read more »

  • South Africa:  South Africa to Lobby to Host Brics Bank

    SouthAfrica.info, 11 July 2014

    South Africa will put forward a strong case at next week's Brics summit in Brazil for the proposed Brics development bank to be located in Johannesburg, Trade and Industry Minister ... read more »

  • South Africa:  SA Lobbying for Brics Bank Location

    SAnews.gov.za, 11 July 2014

    Trade and Industry Minister Rob Davies says it would be an advantage if the Brics Development Bank was to be located in Johannesburg. read more »

  • Africa:  Reading Between the Lines of the Brics Bibliography

    GEGAfrica, 7 July 2014

    BRICS' critics were dealt a crippling blow recently when the group, which is often accused of being a talk shop, showed they are also very keen on reading. In an unusual move for ... read more »

  • Africa:  Role of Brics in African Regional Integration and Development

    GEGAfrica, 15 July 2014

    South Africa hosted the fifth BRICS Summit in Durban in March 2013. This summit was a first for South Africa and for the BRICS in more ways than one. Notable was the fact that it ... read more »

  • South Africa:  Zuma Leads SA Delegation to Brics

    CAJ News Agency, 10 July 2014

    PRESIDENT Jacob Zuma will lead a South African delegation to Brazil for the sixth Brazil, Russia, India, China, South Africa (BRICS) Summit. read more »

  • Africa:  Statement By IMF Managing Director Christine Lagarde On the Brics Summit

    International Monetary Fund, 6 July 2014

    Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), conveyed the following message to President Dilma Rousseff of Brazil today: read more »

  • Africa:  Challenge, Convergence and Cooperation - the Brics in International Development

    Institute of Development Studies, 23 April 2014

    The Future International Cooperation Policy Network (FICPN) programme was held on the 17-21 March in Rio de Janeiro, and hosted IDS and research partners around the world to debate ... read more »

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