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BRICS bank to be operational by end of 2015: South Africa

Last Updated: Friday, June 26, 2015, 23:33

The emerging market BRICS nations will have their own development bank by the end of the year, South Africa said Friday.

BRICS members hail integration ahead of July forum

Last Updated: Friday, June 19, 2015, 18:22

BRICS member states --Brazil, Russia, India, China and South Africa -- cheered new integration trends with the announcement of the formation of the BRICS Development Bank, ahead of the group`s upcoming forum in July.

ICICI's KV Kamath appointed as chief of BRICS Development Bank

Last Updated: Monday, May 11, 2015, 12:53

While the New Development Bank, as it will be called, will be headquartered in Shanghai, India has got the right to nominate the first president.

Setting up of BRICS Development Bank in pipeline: PM

Last Updated: Thursday, November 21, 2013, 14:11

Singh said the BRICS countries have chosen differing growth paths suited to their macroeconomic conditions and varied institutional strengths.

BRICS agree on bank's structure, progress difficult: Russia

Last Updated: Monday, September 2, 2013, 08:55

The establishment of the development bank aimed at providing funds for infrastructure projects has been slow in coming, with prolonged disagreement over funding and management of the institution.

BRICS combined GDP will surpass US, western Europe by 2020: UN

Last Updated: Thursday, April 11, 2013, 23:27

The combined output of BRICS countries will surpass the aggregate GDP of the US, Canada and other European nations by 2020, said a UN report.

'BRICS a force but cannot challenge US due to disputes'

Last Updated: Tuesday, April 2, 2013, 16:31

On March 27, BRICS nations had decided to establish a new development bank to finance infrastructure projects.

Following BRICS development bank plan with great interest: IMF

Last Updated: Friday, March 29, 2013, 09:48

The International Monetary Fund has said it is following with "great interest" the recent announcement by leaders of Brazil, Russia, India, China and South Africa (known as BRICS) to establish a development bank.

US hopes synergy between proposed BRICS bank, existing bodies

Last Updated: Friday, March 29, 2013, 09:25

The US has expressed hope that the new multilateral development bank planned by BRICS countries will work closely with existing international financial institutions and follow best of the practices.

US hopes synergy between proposed BRICS bank, existing bodies

Last Updated: Friday, March 29, 2013, 09:25

The US has expressed hope that the new multilateral development bank planned by BRICS countries will work closely with existing international financial institutions and follow best of the practices.

Manmohan Singh hails BRICS' decision to launch development bank

Last Updated: Thursday, March 28, 2013, 23:58

Hailing the BRICS summit's decision to launch a development bank and a Contingency Reserve Arrangement (CRA), Prime Minister Manmohan Singh Thursday said India's initiatives in these projects made a significant progress.

BRICS must meet challenges of persisting weaknesses in global economy: PM

Last Updated: Thursday, March 28, 2013, 11:34

PM said BRICS should also directly support the process of development and change now underway in Africa.