Brics agree to development bank
The BRICS grouping of emerging economies agreed Tuesday to set up a development bank that would rival Western-backed institutions, South Africa's finance minister told AFP.
The BRICS grouping of emerging economies agreed Tuesday to set up a development bank that would rival Western-backed institutions, South Africa's finance minister told AFP.
"It's done," minister Pravin Gordhan said after meeting with his counterparts from Brazil, Russia, India and China. "The leaders will announce the details," he added.
- Sapa