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: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.