The BRICS group of emerging economies also agreed to create $100 billion Contingent Reserve Arrangement, with China contributing $41 billionThe leaders of the BRICSs countries agreed Tuesday, July 15th, to set up a new development bank aimed at financing infrastructure projects in the founding members of Brazil, Russia, India, China and South Africa and other…The post BRICS To Locate New Development Bank In Shanghai appeared first on ValueWalk.
