- PII
- S0321-50750000616-3-1
- DOI
- 10.31857/S50000616-3-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / Issue №9
- Pages
- 27-30
- Abstract
- One of the most important strategic objectives of the Russian Federation in the framework of BRICS was to ensure a phased reform of the international monetary and financial system giving the global monetary system more equitable, stable and effective potential, reduce US dominance of the system.At the 6th Summit of BRICS on July 15, 2014 it was agreed to establish a New Development Bank of BRICS (NDB). The priority objective of creating the bank is to mobilize additional resources for investment financing infrastructure projects. Other countries from among the members of the United Nations may be admitted to participate in the capital of the NDB but, in any case, the BRICS countries should at the same time own at least 55% of the total voting shares. NDB headquarters will be located in Shanghai (China), and the first sub-regional office in Johannesburg (South Africa).
- Keywords
- BRICS, New Development Bank, conditional pool of foreign exchange reserves
- Date of publication
- 01.09.2015
- Number of purchasers
- 1
- Views
- 1274
RAS History & PhilologyAsia and Africa Today
- ISSN (Print) 0321-5075
- ISSN (Online)2782-2389
NEW DEVELOPMENT BANK ESTABLISHED BY BRICS: PROBLEMS AND PROSPECTS OF ITS ACTIVITY
Индексирование
Scopus
Crossref
Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library