Prime Minister Manmohan Singh, is preparing to present at the 4th Summit of theBRICs - the bloc formed by Brazil, Russia, India, China and South Africa - the proposal to establish a development bank group. The new bank should be a kind of alternative to the World Bank and International Monetary Fund (IMF). The expectation is that at the end of the summit, the presidents to sign a statement indicating a willingness to create the institution, but without specifying the details.
Brazilian negotiators say that several points of the proposal need to be defined and the process will be long term. For Brazilians, it is necessary to establish a number of aspects such as terms of reference, the structure of the body, as will be paid the principal and practices of bilateral and multilateral trade.
The Indians argue that the proposal is to create a mechanism for funding of projects exclusively in developing countries. The idea is to rotate the presidency of the institution is among the five members of the BRICs. In addition,the present leaders should reaffirm the defense debates of the expansion of the IMF.
04/01/14 - World Trade Center (WTC) Mumbai foi estabelecido há mais de quatro décadas atrás, para promover e facilitar o comércio da Índia com o mundo. Mumbai tem regularmente recebimento e enviado missões comerciais, organizando matchmaking business (B2B), eventos para o benefício dos seus Estados e hospedagem para delegados estrangeiros. O tema da 4 ª Conferência Económica Global [...]
04/01/14 - World Trade Centre (WTC) Mumbai was established more than four decades ago, topromote and facilitate India’s trade with the world. Mumbai has been regularly receiving and sending trademissions, organizing business matchmaking (B2B) events for the benefit of its membersand hosting overseas delegates. The theme of the 4th Global Economic Summit is the rise of Asia as [...]» More events
04/10/14 - The International Monetary Fund ( IMF ) reduced once more growth projections for Brazil in 2014 and 2015, assessing that the country should continue with the more restrictive policy rate increases and more fiscal adjustment. For the Fund, it is also necessary to intervene in the foreign exchange more selectively and addressing bottlenecks in supply.» More news