The BRICS Bank: an ‘Alternative’ to the Bretton-Woods Institutions?

Recently, the leaders of the BRICS countries – Brazil, Russia, India, China and South Africa – made a bold step in setting up an international development bank. They have agreed to raise $100 billion to that effect, with plans for the headquarters of the financial institution to be based in Shanghai, China. This decision came … More The BRICS Bank: an ‘Alternative’ to the Bretton-Woods Institutions?