Brazil

 

China declares broad consensus reached on BRICS bank

China declares broad consensus reached on BRICS bank

Brazil, China, Russia, India and South Africa have reached a broad consensus on the foundation of a $100 billion development bank, says senior Chinese diplomat. A treaty establishing the new bank is expected to be signed by the five nations, known collectively as the BRICS, at a summit in the city of Fortaleza, in north east Brazil, on July 15.

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