Tag Archives: BRICS summit

BRICS Developments, July 23rd, 2014

The Importance of BRICS Bank Is Slowly Sinking In After a spate of articles trashing the BRICS proposed New Development Bank that appeared in the western press, some pundits have now begun to acknowledge the importance of setting up the … Continue reading

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South Africa Finance Minister Emphasizes Strategic Significance of BRICS Development Bank

Within only hours after his return from the sixth BRICS summit in Brazil, South African Finance Minister Nhlanhla Nene underscored the strategic significance of the BRICS New Development Bank, according to a report in the South African publication Engineering News. … Continue reading

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Impact of BRICS Summit Begin To Break Out in East Asia

The paradigm-shifting importance of this week’s BRICS summit in Brazil and its joint announcement of the New Development Band (NDB) and the currency fund, is beginning to break out in East Asia. China, of course, has given the events and … Continue reading

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Argentine President: “We are posing, then, that a new global financial order is not just fair and equitable, but absolutely necessary”

At the July 16 meeting in Brasilia of heads of state of the BRICS nations and those of the Union of South American Nations (Unasur), Argentine President Cristina Fernandez was the second speaker of the session, following host Brazilian President … Continue reading

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BRICS Summit Creates New Development Bank; Will the U.S. Now Dump Obama and Adopt LaRouche’s Four Laws?

The summit meeting of the five BRICS nations was held in Fortaleza, Brazil today, and issued the Fortaleza Declaration, which includes the historic announcement that Brazil, Russia, India, China, and South Africa have agreed to form the New Development Bank … Continue reading

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Argentine President To Be ‘Proactive’ in BRICS Discussions; Seek Support for Fight Against Vultures

During the July 16 meeting in Brasilia with members of the BRICS grouping and other Ibero-American governments, Argentine President Cristina Fernandez intends to be “proactive” in presenting Argentina’s case against the predatory vulture funds and seek a written statement of … Continue reading

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BRICS Summit Issues Fortaleza Declaration: the New Development Bank and Contingent Reserve Arrangement Are Born

The heads of State of the BRICS nations (Brazil, Russia, India, China and South Africa), meeting today in Fortaleza, Brazil for the VI BRICS Summit, issued a lengthy 72-point Fortaleza Declaration which includes the historic announcement that they agreed to … Continue reading

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