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Which country is the biggest contributor to recently agreed BRICS currency reserve pool ?

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Which country is the biggest contributor to recently agreed BRICS currency reserve pool ?
posted Jul 24, 2015 by Ritika

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1 Answer

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China with contribution to the pool as $41 billion

BRICS Development Bank or New Development Bank (NDB) is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing American and European-dominated World Bank and International Monetary Fund. The goal of the bank is to "mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. China made the biggest contribution to the pool: $41 billion. Russia, Brazil and India donated $18 billion each, while South Africa’s invested $5 billion.

answer Aug 10, 2015 by Salil Agrawal
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