BRICS bank seeking a complementary role
By Zhang Chunyan | China Daily | Updated: 2015-07-28 08:32
The New Development Bank is seeking a complementary and innovative approach from other international financial institutions.
Known as the BRICS bank, the major complementary role lies in the focus and resources, which will match the needs of emerging countries.
During the past few years, financial institutions such as the World Bank and International Monetary Fund have failed to tackle challenges in the developing world.
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