Emerging countries Brazil, Russia, India, China, and South Africa (BRICS) are looking to increase investments with the establishment of a BRICS development bank. Business Unity South Africa president Jabu Mabuza told the BRICS Business Forum at Durban’s International Convention Center that the bank would be crucial to increase development, trade, and investment among BRICS and other developing nations.
The 5th BRICS summit opened on March 27 with South African President Jacob Zuma and his BRIC counterparts meeting for formal discussions.
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