BBCNEWS World Business Report June 4, 2024 13:34:00
It's called the brics bank — the acroymn coined to group the countries with the highest growth potential — brazil, russia, india, china and south africa. it later grew to include bangladesh, the united arab emirates and egypt. and today it begins its annual meeting where it could begin talks with saudi arabia to admit the country as its ninth member. that move would strengthen its funding options since founding member — russia — is struggling under the impact of sanctions. russia currently holds a i9% stake in the bank. former treasury ministerjim o'neill is the originator of the brics...