The launch of the BRICS development bank in South Africa would provide Africa, the Caribbean and other emerging countries an alternative to the Western dominated Bretton Woods institutions notably - the International Monetary Fund (IMF) and the World Bank.
Earlier this year, Brazil, Russia, India, China and South Africa (BRICS), countries representing 43 percent of the world’s population and 18 percent of the world’s gross domestic product (GDP), — met in New Delhi for their
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