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BRICS to Setup Joint Development Bank

00:45  BankExamInfo  No comments


Emerging nations Brazil, Russia, India, China and South Africa commonly known as BRICS are planning to set up a Joint Development Bank and also take steps to bring together their stock exchanges. The bank will be based on the model of the World Bank.
  The Bank will allow the countries to pool resources for infrastructure development and will also lend to countries in times of financial difficulties.

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