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Results 1 - 10 of 157353 for brics development bank

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  1. Comment - Insight & Opinion

    BRICS development bank should challenge the Washington Consensus

    Posted Aug 25th 2014, 01:05pm by ANDY XIE

    ... The five countries in the BRICS group have set up a development bank and a reserve fund to increase their influence in world affairs. Their desires are justified. Their combined economies are equal ... or the Asian Development Bank. So could the BRICS project work in their favour and advance the interests of emerging economies in general? At first glance, it seems the project will struggle ...

    http://www.scmp.com/comment/article/1580523/brics-development-bank-should-challenge-washington-consensus
  2. Comment - Insight & Opinion - MY TAKE

    Do we need a BRICS development bank?

    Posted Jul 17th 2014, 04:45am by Alex Lo

    ... to create the Shanghai-based BRICS development bank. The aim is to create an alternative to the Western-dominated International Monetary Fund and World Bank. Along with the new bank, the five ... crowded. There is bound to be duplication of effort and resources, leading to waste. The BRICS summit in Brazil said the bank would help "emerging and developing nations mobilise resources ...

    http://www.scmp.com/comment/insight-opinion/article/1555464/do-we-need-brics-development-bank
  3. Business - Economy - ECONOMY

    World Bank chief backs launch of BRICS bank

    Posted Jul 09th 2014, 05:20am by Victoria Ruan

    ... of the BRICS Development Bank. President Xi Jinping also broached the idea in October last year to set up a US$50 billion Asian Infrastructure Investment Bank to finance projects in the region. ... be massive, with such funding needs in developing countries estimated at US$1 trillion a year, while the World Bank alone could only offer US$60 billion last year. Xi will attend the sixth BRICS ...

    http://www.scmp.com/business/economy/article/1549975/world-bank-chief-backs-launch-brics-bank
  4. News - China - DIPLOMACY

    China sees itself taking key role in proposed BRICS international bank

    Posted Jul 16th 2014, 02:58am by Teddy Ng, AFP

    ... Teddy Ng in Beijing and Agence France-Presse in Fortaleza, Brazil China eyes key role in proposed BRICS bank China is positioning itself as a major player in providing alternative ... yesterday to sign off on a new development bank and a reserve fund they hope can act as a counterweight to Western-led financial institutions. The bank will have initial capital of US$50 billion, ...

    http://www.scmp.com/news/china/article/1555048/china-sees-itself-taking-key-role-proposed-brics-international-bank
  5. Comment - Insight & Opinion

    BRICS can be alternative lender

    Posted Jul 30th 2014, 05:10am by SCMP Editorial

    ... an alternative international lending institution. The BRICS nations- Brazil, Russia, India, China and South Africa- have signed off on a new development bank and reserve fund to provide financing ... development banks, to adapt to evolving development needs. If the BRICS partners can overcome their internal challenges the new bank could soon provide a viable alternative. ...

    http://www.scmp.com/comment/insight-opinion/article/1562201/brics-bank-can-be-alternative-global-lender
  6. Business - Banking & Finance - JAKE'S VIEW

    Losers' Clubs spend good money on bad ideas

    Posted Jul 10th 2014, 04:55am by Jake Van Der Kamp

    ... of the BRICS Development Bank. SCMP Business, July 9   Translation: the Losers' Club wishes to squander even more of the scant capital resources of its member governments by funding vanity ... in Tokyo. This new BRICS Development Bank will be no better. The only difference is that China, not Japan, will be top dog and get the export edge. They didn't actually like that in New Delhi. ...

    http://www.scmp.com/business/banking-finance/article/1550671/losers-clubs-spend-good-money-bad-ideas
  7. Comment - Insight & Opinion

    Growth in emerging economies can help to close rich-poor gap globally

    Posted Jul 14th 2014, 03:24am by Andrew Hammond

    ... at a potentially pivotal moment for the "Global South" of developing countries, and indeed wider world history. Ground-breaking World Bank research indicates that, for the first time in some two ... as Asia, at least to date. A key question on the minds of BRICS leaders at the summit will be whether the continued economic development of the Global South has enough momentum to continue driving ...

    http://www.scmp.com/comment/insight-opinion/article/1552062/growth-emerging-economies-can-help-close-rich-poor-gap
  8. Business - Economy

    As developed countries improve, the BRICs stumble

    Posted Oct 06th 2013, 12:49pm by AP

    ... and developing countries would finally be strengthening together as they did before the crisis. Now, hopes for a healthier worldwide economy have been dashed. The reasons for the slowdown in the BRICs, as the four biggest developing countries are known, are myriad, from a pullback in bank lending in China to crumbling infrastructure and rampant corruption in India. One constant: The cost of living ...

    http://www.scmp.com/business/economy/article/1325714/developed-countries-improve-brics-stumble
  9. News - China - BRICS

    BRICS group of nations sets up development bank to rival IMF, World Bank

    Posted Jul 16th 2014, 09:36am by AFP

    ... agencies for flaws in the global financial system. "The plans of the emerging-market bloc of BRICS to establish a development bank usher in a long-awaited and helpful alternative ... billion development bank by granting China its headquarters and India its first rotating presidency. Brazil, Russia and South Africa were also granted posts or units in the new bank. The leaders ...

    http://www.scmp.com/news/china/article/1555232/brics-development-bank-be-headquartered-shanghai-first-president-indian
  10. News - China - FOREIGN RELATIONS

    Indian PM Modi praised for rebuffing China’s power play on Brics development bank

    Posted Jul 07th 2014, 12:07pm by Patrick Boehler, Teddy Ng

    ... development bank, which could turn into the “next India-China flashpoint”. The world’s two most populous nations along with Brazil, Russia and South Africa –  dubbed the “Brics” countries ... international and regional lending institutions such as the World Bank and Asian Development Bank. Brics countries have in the past called for a reform of the international lending system. Next week, ...

    http://www.scmp.com/news/china-insider/article/1548613/indian-pm-praised-rebuffing-chinas-power-play-brics-development

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