Sunday, July 20, 2014

BRICS shake up global economic architecture

WASHINGTON, July 20 – By creating their own multilateral financial institutions, the BRICS emerging-market powers are shaking up global economic governance but remain far from dismantling the post-war system dominated by the West. For the past 70 years, the International Monetary Fund and the World Bank have been the pillars of the world’s economic system, […]

Read more here Capital Business