Business | Economy | World

BRICS Nations Reveal World Bank Alternative

NPR | March 29, 2013 8:14 a.m.

The leaders of Brazil, Russia, India, China and South Africa announced this week that they would set up a development bank to rival the World Bank. For more on that summit held in Durban, South Africa, David Greene talks to Arvind Subramanian, a senior fellow at the Peterson Institute for International Economics.

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