At the upcoming BRICS summit in Brazil, member nations are expected to intensify their push for local currency settlement and ...

As the leaders of BRICS member states gathered in Brazil for the bloc’s 17th annual summit this week, Washington threatened ...

During her six-day visit to China, Honduran President Xiomara Castro formally asked BRICS' New Development Bank (NBD) Chairwoman Dilma Rousseff for the Central American country to join the entity ...

From BRICS nations' ambitious payment systems to President Donald Trump's aggressive tariff threats, the international monetary landscape appears to be shifting. Yet beneath the surface of these ...

The BRICS Bank, along with the proposed BRICS Fuel Reserve Bank, would not be required to keep their assets in U.S. dollars. While concerned about giving up some IMF power ...

The CRA—unlike the pool of contributed capital to the BRICS bank, which is equally shared—is being funded 41 percent by China, 18 percent from Brazil, India, and Russia, and 5 percent from ...

At Brics bank meeting, Brazil’s Lula and Rousseff slam US-led financial order, but Chinese and Indian officials stress ...

The financial assets of BRICS countries have surpassed $60 trillion, according to Russia’s finance minister who highlighted ...

The BRICS summit has already failed before its launch. Perhaps we can expect some agreements on artificial intelligence, the ...

BY JORDAN TOTTEN - This year’s BRICS summit marks the establishment of a $100 billion dollar liquidity reserve and a $50 billion New Development Bank in Shanghai. As each country acts to ...

The Bank shall have an initial authorized capital of US$ 100 billion. The initial subscribed capital shall be of US$ 50 billion, equally shared among founding members.

Former Brazilian President Dilma Rousseff was offered the chance to stay for another five years as head of the New Development Bank (NDB, also known as the BRICS Bank) by Russian President ...