Economy

Analysts Welcome BRICS Bank Competitioni
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Laurel Bowman
August 06, 2014 8:49 PM
When news broke last month that the so-called "BRICS" nations - Brazil, Russia, India, China and South Africa - had agreed to form their own development bank, some analysts feared the new body would be little more than a political bloc. But others are welcoming the plan, saying the world needs help when it comes to development finance. VOA’S Laurel Bowman has that story.

Analysts Welcome BRICS Bank Competition

Laurel Bowman

Published August 06, 2014

When news broke last month that the so-called "BRICS" nations - Brazil, Russia, India, China and South Africa - had agreed to form their own development bank, some analysts feared the new body would be little more than a political bloc. But others are welcoming the plan, saying the world needs help when it comes to development finance. VOA’S Laurel Bowman has that story.


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