All data is delayed
Loading...
See More

SA keen to host planned Brics bank

Oct 29 2012 15:39

Pretoria - South Africa would be ready to host a planned development bank for the emerging economies grouping of Brazil, Russia, India, China and South Africa (Brics) grouping, it said on Monday.

Finance ministers from the five countries are already working on feasibility studies for the creation of a Brics bank expected to mobilise resources for infrastuctural development projects in developing countries.

"I cannot say if South Africa will be chosen as the site of this institution, but I can indicate that South Africa will be prepared to host such a bank," South Africa's Deputy Minister of International Relations and Cooperation Ebrahim Ebrahim said.

South Africa is hosting the Brics summit in March next year.

india  |  brazil  |  russia  |  china  |  south africa  |  brics  |  brics bank

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
27 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Working remotely is:

Previous results · Suggest a vote

Loading...