BRICS countries set to create their own bank

Emerging nations meeting in Brazil expected to create financial institution to counter influence of IMF and World Bank.

    The five leaders of the group of nations known as the BRICS are holding their sixth annual meeting in Brazil.
     
    Brazil, Russia, India, China and South Africa represent the world's most powerful emerging economies, and expectations are high that they will establish a new financial institution to counter the influence of the World Bank and International Monetary Fund.
     
    AL Jazeera's Gerald Tan reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.