New Bank to Rival IMF, World Bank with Africa Focus | Mwakilishi.com: The announcement by a group of emerging economies that they will set up a new multilateral development bank marks a new shift of global power that is likely to benefit Africa and other emerging markets.
At the fifth summit of the BRICS states, Brazil, Russia, India, China and South Africa said they would set up a development bank to provide financial support to emerging and developing economies.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment