n Professional Accountant - The BRICS Bank - what is it, for now? - : feature

Volume 2013, Issue 2
  • ISSN : 1680-7537


The quantity of publicity regarding the proposed BRICS Bank is so immense that it is difficult to believe that, apart from agreeing its feasibility and viability, little more has been done. There is an agreement to implement plans that will see a five-country-directed development bank and a contingent reserve arrangement (CRA). There was little more information at the time of going to press at the end of April 2013, only that the Finance Minister of each country has agreed to form a delegation that will formulate the main principles for establishing the Bank.

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