Search: BRICS,New Development Bank (5 materials)

Where Is BRICS Headed? On the Results of the Goa Summit

... new project is the joint exploitation of the Klyuchevskoe gold deposit in the Trans-Baikal region . Expected investments are about 400–500 million dollars (producing about 6.5 tons of gold a year). EPA / XING ZHE/ Vostock Photo Yury Zaytsev: BRICS New Development Bank: From Private to Public The leaders of the BRICS countries also held bilateral meetings. Thus, Russia and India alone signed 18 agreements on joint activities in various areas, including selling S-400 missile systems to India and ...


Remnants of Bretton Woods or a New Brick in its Foundation?

... Americans, Africans and Asians tend to prefer seeking intra-regional or South-South sources in order to evade the burdensome commitments imposed by the IMF and the World Bank. There are Never Too Many Banks EPA / XING ZHE/ Vostock Photo Yury Zaytsev: BRICS New Development Bank: From Private to Public It seems premature to suggest that the BRICS countries are undermining the fundamentals of the economic world order, as they undeniably are part and parcel of it. Quite the contrary, they are trying to expand ...


Strategic Narratives of Economic Partnership: the Case of BRICS and Infrastructure

... all probability first await the inauguration of the New Development Bank before any other kind of development takes place. Therefore, an improved BRICS media image relies on the appropriate actions accounted for at all three narrative levels. With BRICS’ current collective efforts of establishing the New Development Bank, the strategic narratives concerning the bank’s role within the international financial order (system), each Member States’ rights and responsibilities (identity) and the adopted coordinated steps (issue) will materialize ...


Looking Back On Ufa

... of a universal organisation. Furthermore, it should be mentioned that the BRICS are among those leading the way to the creation of a new international financial framework. At the 7th BRICS Summit in Ufa the long and tedious creation process of the New development Bank as well as the BRICS Contingent Reserve Arrangement finally came to an end. Agreements ratified and documents signed, these new enlightened financial institutes, who are to be governed by the principal of absolute equality, are due to start functioning in the nearest ...


The Results of the BRICS Summit. View from India

... College, and Professor Arun Mohanty , Chairperson of the Centre for Russian and Central Asian Studies, Jawaharlal Nehru University to share their impressions about the results of the BRICS summit and to express their attitude towards the creation of the New Development Bank, BRICS membership expansion and strengthening of the influence of this organization in the world. Debasish Nandy: It is very too early to comment regarding the role of BRICS controlling the world economy and international relations Arun Mohanty: The ...


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