BRICS development bank goes live – li…

BRICS development bank goes live – liberation from imf, 'world' bank

Russian President Vladimir Putin has signed a law ratifying the deal establishing the BRICS New Development Bank (NDB), according to a document published on Monday on Russia's official website for legal information.

The BRICS New Development Bank (NDB) was set up to challenge two major Western-led giants – the World Bank and the International Monetary Fund. NDB's key role will be to serve as a pool of currency for infrastructure projects within a group of five countries with major emerging national economies – Russia, Brazil, India, China and South Africa.

http://rt.com/news/238981-putin-signs-brics-bank/

#brics #india #russia #china #brazil #southafrica #imf #worldbank #neoliberal #finance #society

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