{"id":18579,"date":"2014-07-31T00:06:52","date_gmt":"2014-07-30T22:06:52","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=18579"},"modified":"2014-07-31T00:06:52","modified_gmt":"2014-07-30T22:06:52","slug":"impact-of-the-new-brics-bank","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/impact-of-the-new-brics-bank\/","title":{"rendered":"Impact of the New Brics Bank"},"content":{"rendered":"<div id=\"content\">\n<div id=\"contentmain\"><center>Ali Bursk Guven writes: \u00a0The top news from this year\u2019s BRICS summit was the announcement of a New Development Bank. \u00a0Headquartered in Shanghai, the bank will become operational in 2016 with an initial capital of US$50 billion. Its core mandate is to finance infrastructure projects in the developing world.<\/center><\/p>\n<div class=\"postarea\">\n<div class=\"content_full\">\n<div class=\"bText\">\n<p style=\"text-align: left;\">The bank, announced at the summit in Fortaleza, Brazil, will also have a monetary twin to provide short-term emergency loans, the Contingency Reserve Arrangement. While the bank will be open to all UN members, the reserve will lend only to the contributing BRICS countries in times of crisis. <a href=\"%20&gt; The BRICS Bank is a Game-changer  July 28th, 2014 in Op Ed  World Bank, Watch Out!  by Ali Burak G\u00fcven, The Conversation  The top news from this year\u2019s BRICS summit was the announcement of a New Development Bank. Headquartered in Shanghai, the bank will become operational in 2016 with an initial capital of US$50 billion. Its core mandate is to finance infrastructure projects in the developing world.  Follow up:  The bank, announced at the summit in Fortaleza, Brazil, will also have a monetary twin to provide short-term emergency loans, the Contingency Reserve Arrangement. While the bank will be open to all UN members, the reserve will lend only to the contributing BRICS countries in times of crisis.\" target=\"_blank\"><strong>\u00a0Impact of the New Brics Bank<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.w-t-w.org\/en\/impact-of-the-new-brics-bank\/brics-new-bank\/\" target=\"_blank\" rel=\"attachment wp-att-18581\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-18581\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/07\/Brics-New-Bank-300x225.jpg\" alt=\"Brics New Bank\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/07\/Brics-New-Bank-300x225.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/07\/Brics-New-Bank-400x300.jpg 400w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/07\/Brics-New-Bank.jpg 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p style=\"text-align: center;\">\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ali Bursk Guven writes: \u00a0The top news from this year\u2019s BRICS summit was the announcement of a New Development Bank. \u00a0Headquartered in Shanghai, the bank will become operational in 2016 with an initial capital of US$50 billion. Its core mandate &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/impact-of-the-new-brics-bank\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[70,23,13],"tags":[],"class_list":["post-18579","post","type-post","status-publish","format-standard","hentry","category-big-banks","category-entrepreneurs","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Analysis of how the new Brics Bank will impact on the world and the World Bank and the IMF\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Andi Howe\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/impact-of-the-new-brics-bank\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - 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