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Brazil Defaults on BRICS Bank Agreement After Congress Blocks Payment
RIO DE JANEIRO, BRAZIL - Brazil's Economy Ministry onTuesday said it had defaulted on its penultimate capital installment to the New Development Bank (NDB)...
Brazil to Honor R$1.8 Billion in UN and BRICS Bank Debts in 2019
RIO DE JANEIRO, BRAZIL - The federal government will pay debts of R$1.815 billion (US$465 million) to the United Nations (UN) and the BRICS bank...
Brazil to help Argentina join BRICS development bank
RIO DE JANEIRO, BRAZIL - Brazilian Economy Minister Paulo Guedes said he would present Argentina as a candidate to join the New Development Bank...
Uruguay among first 3 non-BRICS countries admitted to New Development Bank
RIO DE JANEIRO, BRAZIL - Uruguay, Bangladesh and the United Arab Emirates have become the first countries to be admitted as full members of...
Brazil to Advise BRICS Partners on Milk Bank Projects
RIO DE JANEIRO, BRAZIL - On Monday, November 18th, Angola will begin setting up a network of milk banks to assist mothers with children...
Brazil is Negotiating US$500 Million Loan with BRICS New Development Bank
05RIO DE JANEIRO, BRAZIL - Environment Minister Ricardo Salles is negotiating a US$500 million (R$2 billion) loan with the New Development Bank (NDB) to...
Russia Seeks BRICS Alliance for Climate Goals
Russia has expressed its intention to form a united front with BRICS nations on global climate issues following the conclusion of the COP28 negotiations...
Argentina Reconsiders BRICS Alliance as New Administration Takes Shape
Diana Mondino, Argentina's likely new Foreign Minister, suggests a reevaluation of Argentina's plan to join the BRICS group in 2024.
BRICS, including Brazil, Russia, India,...
Central Banks Favor Gold Over Dollar Reserves
In recent months, central banks around the world have significantly increased their gold reserves.
They added a net total of 77 tons, as reported by...
World Bank Predicts 2.4% Growth for East Timor in 2023
This year, Portuguese-speaking Timor-Leste's private spending is expected to grow by 4%, outpacing government spending at 2.9%.
This marks a shift from last year when...
Opinion: Is BRICS the Financial Future President Petro Envisions?
(Opinion) Colombian President Gustavo Petro urgently called for a restructuring of the global financial system during his recent speech at the United Nations.
He aims...
BRICS summit highlights: calls for UN reform and announces expansion
The 15th summit of the BRICS nations, comprising Brazil, Russia, India, China, and South Africa, released a declaration on August 24.
The nations underscored the...
Why China wants to convince the BRICS bloc to accept new members
The BRICS alliance of Brazil, Russia, India, China, and South Africa convened in Johannesburg to discuss the possibility of inducting additional members and exploring...
Argentina will not join the BRICS group; Alberto Fernandez has renounced participation in the summit
Alberto Fernández, Argentina's President, has opted not to attend the XV Summit of BRICS, a coalition of emerging economies including Brazil, Russia, India, China,...