Organizing Notes

Bruce Gagnon is coordinator of the Global Network Against Weapons & Nuclear Power in Space. He offers his own reflections on organizing and the state of America's declining empire....

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Location: Bath, Maine, United States

Tuesday, July 15, 2014

RIVAL TO WESTERN CAPITAL - AN ALTERNATIVE TO IMF



New Development Bank will provide money for infrastructure and development projects in BRICS countries, and unlike the IMF or World Bank, each nation has equal say, regardless of GDP size. "BRICS Bank will be one of the major multilateral development finance institutions in this world," Russian President Vladimir Putin said on Tuesday at the 6th BRICS summit in Fortaleza, Brazil.

BRICS stands for Brazil, Russia, India, China and South Africa.  

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