The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Friday, April 29, 2016
The AIIB and NDB BRICS Enter a New Phase
‘Only one of these institutions sounds like a new bank’. That was the conclusion of one attendee at the Think20 Conference in Shanghai in February after a session featuring four international financial institutions: the Asian Infrastructure Investment Bank (AIIB), the New Development Bank BRICS (NDB), the Asian Development Bank, and the OECD
All contract conditions between Gazprom and China are in effect. Moreover, new contracts for the Western route (Power of Siberia – 2) are being discussed, Deputy Chairman of Gazprom Management Committee Alexander Medvedev told journalists
China has complimented India for “doing a good job” in maintaining an impressive growth rate despite a global slowdown and is keen on working together to push for reforms in the international financial system to offset the inherent weaknesses