The New Development Bank created by BRICS countries can help African countries’ projects to tackle their most urgent challenges, the bank’s president Dilma Rousseff, said on Thursday. During the BRICS Summit in Johannesburg, Rousseff also noted that the bank would finance physical and digital infrastructure projects in Africa and educational ones. The BRICS bank is a significant step in creating a less crisis-prone international financial system. In the past two years, geopolitical conflicts and volatile global markets have exacerbated many developing countries’ economic challenges. Against this backdrop, the emergence of a new multilateral development bank led by China and emerging … Continue reading Challenges to the BRICS Bank