VOICED : Lideres del BRICS anuncian nuevo Banco de Desarrollo

The BRICS leaders announced the creation of a new financial architecture, including a development bank headquartered in Shanghai and a substantial reserve fund. The BRICS bank aims to finance infrastructure projects and support developing nations, with an initial capital of $50 billion. The group, consisting of Brazil, Russia, India, China, and South Africa, seeks to challenge Western financial dominance. The bank's leadership will include an Indian president and a Brazilian head of the board. Additionally, a $100 billion reserve agreement was signed to enhance cooperation among member countries.

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