The new bank and the contingency fund are therefore the first real - TopicsExpress

The new bank and the contingency fund are therefore the first real and practical attempts by developing countries to create a monetary, development-finance and trade alternative to the IMF, World Bank and the dominance of the US dollar. The bank will rival the US- and European-led World Bank and its private lending affiliate, the International Finance Corporation, which have dominated development finance since the second world war. theguardian/commentisfree/2014/jul/17/brics-development-bank-africa-world-bank-tyranny

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