BRICS Development Bank. (By Sylodium, global import export directory).

BRICS should pull their power, in fact, the group account for 25 per cent of global gross domestic product, 40 per cent of the world's population, and they account for almost 40 per cent of global foreign exchange holdings, although China’s GDP, is about $1.5 trillion more than that of the other four countries put together, Brazil, Russia, India and South Africa. 

the development bank (next rival of FMI and World Bank), will focus on funding infrastructure and development in emerging markets, and each member nation needs to contribute an equal amount of $10 billion each. But, only China can easily produce the amount, and China is willing pay for the share of Brazil and South Africa, but India,  is uncomfortable with this idea, because it could suppose veto power. 

The creation of the bank won’t be created  until the next two years, due to will not be easy to reach agreement on the bank's capital contributions and governance structure.

This movement of BRICS, where Russia and China have been status quo powers, although India, Brazil and South Africa are trying to become more powerful in international institutions,  the US and EU negotiations, and TPP, (besides the ASEAN close to become a solid bloc) are nowadays, the most important international trade decisions in the world.

In Sylodium (international trade directory) you can advertise for free your company or your project, at the intersection of cities and countries, like Moscow (Russia) – Beijing (China). New Delhi (India) – Johannesburg (South Africa). Mumbai (India) -  Sao Paulo (Brazil)….……