China has ratified the agreement on the creation of BRICS
Date: 11:36, 01-07-2015.
Almaty. July 1. Silkroadnews - China formally ratified the agreement on creating a new development bank BRICS ((Brazil, Russia, India, China and South Africa), informed the agency TASS.
"The agreement on the establishment of the bank was concluded on 15 July 2014 in the Brazilian city of Fortaleza. Its authorized capital initially be $50 billion, followed by an increase to $100 billion", - says the publication.
It is noted that the bank was set up to finance infrastructure projects and sustainable development of the BRICS and other emerging countries.
