Anti-Dollar Alliance Prepares Launch Of BRICS Bank!
by Tyler Durden, www.zerohedge.com
Three months ago we discussed in detail the growing anti-dollar hegemony alliances that were building across the BRICS countries (Brazil, Russia, India, China and South Africa). Their efforts at the time, to create a structure that would serve as an alternative to the IMF and the World Bank (which are dominated by the U.S. and the EU), appear to be nearing completion. As AP reports, Brazil’s President Dilma Rousseff and Russia’s Vladimir Putin have discussed the creation of a development bank to promote growth across the BRICS and hope to produce an agreement on the proposed institution at this week’s BRICS Summit.
As AP reports,
Brazil’s President Dilma Rousseff and Russia’s Vladimir Putin have discussed the creation of a development bank to promote growth in Brazil, India, China, Russia and South Africa.
Rousseff received Putin in the presidential palace in Brasilia on Monday, a day before leaders of the five emerging BRICS nations meet in the northeastern city of Fortaleza.
Rousseff told reporters the bank would top the summit’s agenda, adding she hoped the event would produce an agreement on the proposed institution.
She said the five countries “are among the largest in the world and cannot content themselves in the middle of the 21st century with any kind of dependency.”
Brazil and Russia also signed bilateral accords on air defense, gas and education. The leaders who will be present (not so many big fans of the US there)…