BRICS Nations Start Development Bank

July 16, 2014/in Prophecy in the News /by alphatimes

Leaders of the BRICS emerging market nations launched a $100 billion development bank and a currency reserve pool Tuesday.

The bank, aimed at funding infrastructure projects in developing nations, will be based in Shanghai. India will preside over its operations for the first five years, followed by Brazil and then Russia, leaders of the five-nation group announced at a summit…

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