Participants of the BRICS summit, which started in Brazil, signed an agreement on the establishment of an organization’s development bank.
The capital of the new bank should be 100 billion dollars. The headquarters of the organization will be located in Shanghai. The idea of ​​creating this organization belongs to India. The bank’s capital will be divided equally among the participating countries. In the first years of the existence of a financial organization, each of the BRICS countries will have to contribute $ 2 billion.

BRICS representatives signed an agreement to create a development bankBRICS representatives signed an agreement to create a development bank
From Russia, an agreement on the creation of the BRICS Bank was signed by Finance Minister Anton Siluanov. It is assumed that the institute may begin work as early as next year.
Public figures spoke about the BRICS Bank
Of course, the initiative to create a development bank, BRICS could not remain without comment from prominent public figures and simply public people. In general, all appreciate it positively.

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