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BRICS summit deals up $100 billion development bank, first President of BRICS bank will be from India

Fortaleza, Brazil, 15 July-2014, NDTV: The group of five BRICS emerging market countries has signed a deal that will create a $100 billion development bank and a currency reserve pool worth the same amount. It will be called the New Development Bank – a name suggested by Prime Minister Narendra Modi, and the first president […]