New Members for BRICS New Development Bank?

... past several weeks ahead of the BRICS summit in Brazil a number of initiatives were unveiled by representatives of the BRICS economies. One of the more significant discussions centered on the expansion in the membership of the New Development Bank (NDB). According to the Deputy Finance Minister of Russia Sergey Storchak BRICS countries may give the green light to the expansion in the Bank’s membership at the BRICS summit in Brazil this year. In effect, the expansion in the membership of the Bank ...