top button
Flag Notify
    Connect to us
      Facebook Login
      Site Registration Why to Join

Facebook Login
Site Registration

Which country is the biggest contributor to recently agreed BRICS currency reserve pool ?

+2 votes
112 views
Which country is the biggest contributor to recently agreed BRICS currency reserve pool ?
posted Jul 24, 2015 by Ritika

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

China with contribution to the pool as $41 billion

BRICS Development Bank or New Development Bank (NDB) is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing American and European-dominated World Bank and International Monetary Fund. The goal of the bank is to "mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. China made the biggest contribution to the pool: $41 billion. Russia, Brazil and India donated $18 billion each, while South Africa’s invested $5 billion.

answer Aug 10, 2015 by Salil Agrawal
Contact Us
+91 9880187415
sales@queryhome.net
support@queryhome.net
#280, 3rd floor, 5th Main
6th Sector, HSR Layout
Bangalore-560102
Karnataka INDIA.
QUERY HOME
...