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BRICS Summit 2015: A New Era for Development Banks
  • The BRICS came together to establish the New Development Bank (NDB) on July 21, 2015.
  • The bank will be headquartered in Shanghai, China.
  • The inauguration of the NDB was made less newsworthy by the opening, a few months ago, of Asian Infrastructure Investment Bank (AIIB).

    Read corresponding blog entry.

BRICS Summit 2015: A New Era for Development Banks