BRICS
<p><b><font face="Times New Roman">brics $100b dev bank shanghai IMF/WB</font></b></p><h2 class="title" style="margin: 0px 0px 7px; padding: 0px; line-height: 20px; font-family: Tahoma, Helvetica, Arial, serif;"><a href="http://thenationonlineng.net/new/brics-nations-to-create-100b-development-bank/" title="BRICS nations to create $100b development bank" style="color: rgb(0, 128, 64); text-decoration: none; font-size: 13px;">BRICS nations to create $100b development bank</a></h2><p><span class="subtitle" style="margin: 0px; padding: 0px 0px 7px; font-size: 11px; color: rgb(51, 51, 51); font-family: Tahoma, Helvetica, Arial, serif;">By <a href="http://thenationonlineng.net/new/author/group/" title="Posts by Our Reporter" rel="author" style="color: rgb(0, 128, 64); text-decoration: none;">Our Reporter</a>. On Jul 18th, 2014 at 00:00
Filed under: <a href="http://thenationonlineng.net/new/category/business/" title="View all posts in Business" rel="category tag" style="color: rgb(0, 128, 64); text-decoration: none;">Business</a></span><span style="font-family: Tahoma, Helvetica, Arial, serif; font-size: 11px; background-color: rgb(255, 255, 255);" /></p><div class="ruller" style="margin: 7px 0px; padding: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(197, 197, 197); font-family: Tahoma, Helvetica, Arial, serif; font-size: 11px;" /><div id="post" style="margin: 0px; padding: 3px 0px 10px; font-size: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(237, 237, 237); overflow: auto; font-family: Tahoma, Helvetica, Arial, serif;"><div class="pf-content" style="margin: 0px; padding: 0px;"><p style="margin: 0px 0px 10px; padding: 0px; color: rgb(51, 51, 51); font-size: 0.6em;">The leaders of the five Brics countries have signed a deal to create a new $100bn (£58.3bn) development bank and emergency reserve fund.</p><p style="margin: 0px 0px 10px; padding: 0px; color: rgb(51, 51, 51); font-size: 0.6em;">The Brics group is made up of Brazil, Russia, India, China and South Africa.</p><p style="margin: 0px 0px 10px; padding: 0px; color: rgb(51, 51, 51); font-size: 0.6em;">The capital for the bank will be split equally among the five participating countries.</p><p style="margin: 0px 0px 10px; padding: 0px; color: rgb(51, 51, 51); font-size: 0.6em;">The bank will have a headquarters in Shanghai, China and the first president for the bank will come from India.</p><p style="margin: 0px 0px 10px; padding: 0px; color: rgb(51, 51, 51); font-size: 0.6em;">Brazil’s President, Dilma Rousseff, announced the creation of the bank at a Brics summit meeting in Fortaleza, Brazil on Tuesday.</p><p style="margin: 0px 0px 10px; padding: 0px; color: rgb(51, 51, 51); font-size: 0.6em;">The halls of Fortaleza’s conference centre were full of whispers about whether or not these Brics nations – which often see one another...</p><p style="margin: 0px 0px 10px; padding: 0px; color: rgb(51, 51, 51); font-size: 0.6em;">
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