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The finance chiefs also discussed the key points incorporated in the Leaders Declaration that will be unveiled at the end of the 2-day summit in Russia.
Lending from existing global multilateral lenders like the World Bank and the IMF comes with “too many strings attached”, Zuma said.
Governments in Russia, China and India have in recent years seen an uneasy relationship with civil society and advocacy groups.
Kuwait's Interior Ministry said Sunday that it had identified the suicide bomber who blew himself up at a mosque as a Saudi citizen.
The South African current account deficit on the balance of payments narrowed to 4.8 per cent of gross domestic product (GDP) on a seasonally adjusted annualised basis in the first
Political and business leaders from BRICS discussed trade, investment and the challenges the bloc faces at an economic summit in Russia.
What the South African government does now will reverberate on the continent for years.
Omar al-Bashir, a sitting head of state has been indicted for genocide, war crimes and crimes against humanity by the ICC.
The South African Foreign Minister hit out at the lack of African participation in the decision-making processes of the UNSC.
The new lender will start naming its investments in the first quarter of 2016.