BRICS establish $100bn Development Bank to cut out Western dominance

The emerging economies signed a long-anticipated document to create a $100 billion BRICS Development Bank. The institution will counter the influence of Western lending firms as well as the dollar.

BRICS establish $100bn Development Bank to cut out Western dominance

The emerging economies signed a long-anticipated document to create a $100 billion BRICS Development Bank. The institution will counter the influence of Western lending firms as well as the dollar.

[youtube height=”326″ width=”580″]http://www.youtube.com/watch?v=VexU17zRPZo&list=UUpwvZwUam-URkxB7g4USKpg[/youtube]
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