March 8, 2015
On 15th July 2014 the BRICS Group members (Brazil, India, China, Russia and South Africa) signed agreements that established two new international financial institutions, the New Development Bank (NDB) and the Contingency Reserve Arrangement (CRA).[1]  The NBD with an initial capital of US$100bn. has a brief to provide no-strings loans to Emerging Market and Developing...
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About the GPI

The Global Policy Institute is a research institute on international affairs. It is based in the City of London, and draws on both a rich pool of international thinkers, academics as well as policy and business professionals. The Institute gives non-partisan guidance to policymakers and decision takers in business, government, and NGOs.