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The Russian government has allocated $1 million from the federal budget for G20 summit-related events.
The World Bank said in March that a BRICS Bank would be an “invaluable partner”.
Earlier this year Egypt officially expressed intention to join the BRICS club of emerging markets.
India's finance minister is to meet with the new US Treasury secretary Jacob Lew.
Brazil is ready to take necessary steps to control inflation, the country's finance minister asserted last week.
Disputes between the nations has made Japanese products less popular in China.
The Russian government wants to develop the country’s depressed eastern Siberia and Far East regions.
Earlier this month India and Canada signed an AAA that will allow Canada to ship uranium to India.
Developing economies are projected to grow 5.3 per cent this year, according to the IMF.
Among the Group of 20 nations, China reclaimed the top spot from the United States, attracting $65.1 billion.
