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Gazprom on Tuesday set an increase in the price of gas for Ukraine.
April 1, 2014Comments Off on Ukraine delegation to visit Moscow this weekRead More
The Central Bank pegged 2014-15 GDP growth for India at a central estimate of 5.5 per cent.
April 1, 2014Comments Off on India Central Bank keeps repo rate at 8%Read More
China has set a target of 7.5 per cent in 2014, unchanged from that of last year.
April 1, 2014Comments Off on China manufacturing rises in MarchRead More
A special UN report released this month urges BRICS countries to focus on job creation for youth as a means of meeting development projections.
April 1, 2014Comments Off on Youth employment critical to BRICS growth – UNDPRead More
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57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.