BRICS leaders at a meeting ahead of the G20 summit in Turkey in 2015.
REUTERS/Mikhail Klimentyev/RIA Novosti/Kremlin
The BRICS bank is positioning itself to play a significant role in those areas in which the international financial institutions are seen to have failed.
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The global recognition of BRICS – Brazil, Russia, India, China and South Africa – has not only led to their greater global political influence, but also reinforced their regional leadership.
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