Analysts Welcome BRICS Bank Competition
Your browser doesn’t support HTML5
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.