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Wednesday, 09 July 2014 15:35

BRICS Bank Launch Likely at 2014 Summit

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As the BRICS meet in Fortaleza, Brazil from 14-16 July 2014, attention is once again on the group’s efforts to establish two new financial institutions: the New Development Bank and the Contingent Reserve Arrangement. Negotiations are underway on both and, while it remains uncertain that they will be officially launched in Fortaleza, substantial progress is expected to be announced at the summit.

SAIIA's Christopher Wood, a Researcher with the SAIIA Economic Diplomacy Programme, was invited to speak on Business Day TV about the Development Bank and what it might involve.

Watch the video by clicking on the player at the end of this article.

To see a range of related BRICS materials, click here.

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Video © Business Day TV