South Africa today indicted that it was ready to host a planned development bank for the Brazil, Russia, India, China and South Africa (BRICS) grouping of five emerging economies.
Officials from Brazil, Russia, India, China and South Africa are working on feasibility studies for the creation of a BRICS bank expected to mobilize resources for infrastructural development projects in developing nations.
The launch of the BRICS development bank in South Africa would provide Africa, the
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