» 06/19/2012, 00.00
ASIA - EU - MEXICO
G20: India promises billion to save Europe
The Brics (Brazil, Russia, India, China and South Africa) have announced contributions totaling billion, to participate in the establishment of the 0 billion "firewall" wanted by the International Monetary Fund (IMF). New Delhi hopes to contain the fallout from the European crisis on its economy, while 360 million Indians (out of 1.2 billion people) still live on a day.
14/04/2011 CHINA – INDIA – BRICS
BRICS challenging Western economic and political governance over the world
They want a reshuffle in leadership positions at the World Bank and International Monetary Fund, as well as a broad reform of the United Nations to reduce volatility in trade. The five BRICS nations want to assert their new international role against the traditional place occupied by Europe and the United States.
Personality cult persists despite change in president
Many analysts have noted that President Berdymukhamedov introduced minimal reforms but heaped honours upon himself. He has reinstated pensions but the people remain hungry. While his foreign policy and energy decisions are eagerly awaited abroad, giant-sized photos of his are being pasted in cities at home.
25/03/2013 CHINA - BRICS
Emerging countries thinking about a joint bank against West
BRICS members, Brazil, Russia, India, China and South Africa, are set to meet in Durban to discuss the creation of a new institution that could challenge the dominance of the (US-led) World Bank and the (European-led) International Monetary Fund. Experts warn it still too soon, and that "these countries must show that they can overcome the crisis".
Will Gray whales stop drilling for oil and gas ?
Russia, India, Japan, China and Europe are competing for Sakhalin's oil and gas, even using the environment as a card up their sleeves.
21/07/2015 CHINA – BRICS
Emerging BRICS nations establish New Development Bank
Chaired on a rotating basis by representatives of its member countries, the bank’s initial capital is set at US$ 50 billion. Its goal is “to improve and complement the system in our own way," said the bank’s first president, an Indian. BRICS countries complain of the voting mechanism of the World Bank and the International Monetary Fund.
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