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Tag Archives: BRICS development bank

New world order emerging from BRICS summit

Leaders from Brazil, Russia, India, China and South Africa (the BRICS) met in Durham, South Africa this week to discuss a new world bank which will allow them to trade and fund their projects independent of the World Bank and the U.S. Dollar. South African President Jacob Zuma saud that the group has “decided to enter formal negotiations to establish a ...

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