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May 28th, 2015 | #1 | |
Senior Member
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#1 BRICS thread
[BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.[4] The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members.[5] Since 2010, the BRICS nations have met annually at formal summits. Russia currently holds the chair of the BRICS group, and will host the group's seventh summit in July 2015.
As of 2014, the five BRICS countries represent almost 3 billion people, or approximately 40% of the world population; as all five members are in the top 25 of the world by population, and four are in the top 10. The five nations have a combined nominal GDP of US$16.039 trillion, equivalent to approximately 20% of the gross world product, and an estimated US$4 trillion in combined foreign reserves.[1][6] The BRICS have received both praise and criticism from numerous commentators. ] BRICS summit in Russia to launch New Development Bank & currency pool - Putin Published time: May 28, 2015 16:19 Get short URL Quote:
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May 28th, 2015 | #2 |
Member
Join Date: May 2013
Posts: 340
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Couldn't a sovereign state just "ask" its central bank to lend it money, no interest, instead of indebting itself to foreign entities?
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May 28th, 2015 | #3 |
Senior Member
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To defeat the Western world dominated by JewSA, you need to build broad alliances. I'm very curious of the Russian-Iran cooperation that seems to be growing stronger and stronger.
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October 26th, 2015 | #4 |
Senior Member
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Iran to Join BRICS Development Bank: Official
October, 26, 2015 - 17:17 TEHRAN (Tasnim) – An Iranian official announced that the country is to join the New Development Bank (NDB), formerly known as BRICS Development Bank, in a bid to expand its economic ties with BRICS members. Iran will hopefully join the NDB in order to develop its cooperation with the member states, Iran’s Deputy Economy Minister Mohammad Khazaee said on the sidelines of a Monday gathering of Iranian and Brazilian tradesmen in Tehran. The bank has been established by Brazil and other BRICS member states (Russia, India, China, and South Africa) with an initial capitalization of $100 billion, Khazaee noted. The New Development Bank is a multilateral development bank operated by the BRICS states as an alternative to the existing American and European-dominated World Bank and International Monetary Fund. The Agreement on the establishment of the New Development Bank was signed during the 6th BRICS Summit in Fortaleza, Brazil, on 15 July 2014, and the bank was officially launched at the last BRICS summit in the Russian city of Ufa earlier this year. Elsewhere in his remarks, the Iranian official referred to Tehran’s accession to the international bank as a means to facilitate Iran-Brazil economic ties, which Khazaee said is currently too small. Economic and trade ties between Iran and Brazil in different industrial, banking, and financial fields are so trivial that can be described as being at zero level, he noted, urging that the trade value between Tehran and Brasilia should be raised to $5 billion based on the plans. The gathering where Khazaee made the remarks was also attended by Iranian Trade Minister Mohammad Reza Nematzadeh and Brazil’s Minister of Development, Industry, and Trade Armando Monteiro. Heading a large trade delegation, the Brazilian minister arrived in Tehran earlier in the day for high-level talks on expansion of Tehran-Brasilia economic ties. http://www.tasnimnews.com/en/news/20...-bank-official |
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