When Jim O'Neil coined the acronym BRIC in 2001, little did he know he was launching what would become an increasingly structured forum of meetings that started with the first BRIC summit in 2009. South Africa joined and … Given China's claims that shareholdings in the international financial institutions should reflect countries' relative weight in the global economy , an equal shareholding structure for the new BRICS bank would appear odd. And equal capital …
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BRICS shows G20 the way