Over the past decade or so, the world’s catch phrase for development has been the BRICS economies. The newly developed BRICS bank’s capital is expected to finance infrastructure and development projects in the BRICS nations first before expanding to other countries in need of funding. It’s a big idea with big ambition. But how did it come into being? And how will it change the shape of global governance? For answers, we talked to Leslie Maasdorp, Vice President of the New Development Bank.
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