New Brix Bank to be based in China, India for President
New Brix Bank to be based in China, India for President
Fortaleza, Brazil :. On Tuesday, the leaders of the BRICS group of emerging powers made a reserve fund seen as a shipment to the Shanghai-based development bank and western-led financial institutions, Brazil, Russia leaders, India, China and South Africa agreed infrastructure Launch of institutions to finance projects and financial crisis in the future. "In spite of our diversity, our countries are committed to a solid and productive association," explains Brazilian President Dilma Rousseff at a summit of Northeast seaside city Fortaleza. In the form of President Vladimir Putin Welcome to the agreements "There is a very powerful way to stop new economic difficulties." Five emerging countries for the first time unveiled their plans last year. New Development Bank Reserve is seen as one, While the Washington-based World Bank rival is "Mini IMF." BRICS leaders were imposed to improve the International Monetary Fund to give more voting in developing countries Right .
"IMF urgently needs to review its distribution in order to reflect the undisputed weightage of voting power," said Rousseff. Development Bank could raise $ 100bn equally funded by every nation by $ 50 billion The initial capital of, will be. In order to reduce the electricity concerns of any other nation, the BRICS leaders agreed to put the Bank's headquarters in Shanghai. First Board President will be from Brazil Hail, while the first President will be Indian.
An African Regional Center will be based in South Africa. The bank will emerge and help in the development of resources for nation's infrastructure and sustainable development projects, said in the Summit Declaration. Contingent reserve arrangement will lead to potential financial closure of $ 100 billion in its settlement volatility Its promotional policy is linked to the United States. China is expected to make the biggest contribution, followed by $ 18 billion each from Brazil, India and Russia and up to 5 billion dollars from South Africa up to $ 5 billion. Summit simultaneously represent 40 percent of the world's population and what comes in the form of economies of BRICS countries, a fifth of the global economy, with just one percent expected this year, with Russia and Brazil, cooling down Are there. Experts have to give the new bank and fund group the backbone of a formal organization. The talks in Fortaleza will open Marathon summit of a series and bilateral meetings in Brazil. Chinese President Xi Jinping is a "very useful meeting." As his first face-to-face talk has been described which meets with India's Prime Minister Narendra Modi next to the Summit, Putin visits Argentina and Cuba before coming to Brazil, travels him out of Ukraine crisis with the West Beach house "multi-polar" gives the chance to hammer his call to the world. After the meetings are being fired out of the industrialized G-8 group, Putin gave his first international summit to more countries than the Ukraine crisis. The United States is threatening to impose new economic sanctions on Russia on allegations that it is supporting pro-Moscow separatist rebels in Eastern Ukraine. The Brix Summit announced the 'deep concern' on the situation in Ukraine and called for "
Font images google
Font editing http://economictimes.indiatimes.com/news/international/business/new-brics-bank-to-be-based-in-china-india-to-have-presidency/articleshow/38442417.cms
Comentários
Postar um comentário