[NewsRescue.com] BRICS Development Bank to Counter Western World Bank and IMF: Durban Meeting

Headline: BRICS Development Bank to Counter Western World Bank and IMF: Durban
Meeting

Mar. 27, 2013
NewsRescue- The BRICS group of emerging economies in a meeting in South Africa,
unveiled a new development bank, being set up to break the monopoly held by
Western Bretton Woods institutions, viz-a-viz the World Bank and International
Monetary Fund (IMF).
South African Finance Minister, Pravin Gordhan, said on Tuesday, “It's done,
we made very [...]

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