BRICS' $100 Billion Own World Bank

In 2014, they created the New Development Bank (NDB) with $100 billion in capital for loans to help countries develop. Similar to the World Bank, NDB's goal is to provide loans for development projects to its member countries, even though some shareholders are not part of BRICS (Brazil, Russia, India, China, South Africa), they share similarities in purpose and governance. It's like a World Bank but with its own rules and money.

Watch more of this short video from Jim Rickards: Western Economies About To Slam Into A BRICS Wall?

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