BRICS to Set Up Bank In­sti­tute, Rat­ing Agency

The Economic Times - - Around The World -

Wash­ing­ton: BRICS coun­tries to­day dis­cussed the ef­fi­cacy of “es­tab­lish­ing” a bank in­sti­tute and a rat­ing agency of their own fol­low­ing the New De­vel­op­ment Bank (NDB) be­com­ing fully op­er­a­tional. BRICS fi­nance min­is­ters and cen­tral bank gov­er­nors met here on the side­lines of the An­nual Spring meet­ing of the In­ter­na­tional Mon­e­tary Fund and the World Bank, for a dis­cus­sion chaired by Fi­nance Min­is­ter Arun Jait­ley.”De­lib­er­a­tions were held on ef­fi­cacy of es­tab­lish­ment of New De­vel­op­ment Bank In­sti­tute and BRICS rat­ing agency,” a me­dia re­lease said. PTI

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