Impact of the new BRICs development bank on BRICs member-countries' Economies

Today, BRIC members are facing many common economic and other types of problem of various nature and origin. In this context, establishment of a new Bank for Development is designated to facilitate countries' efforts for solving economic and othe problems. The Bank for Development shall stimulate the Group's economic development because this organization's activity shall permeate with many niches of countries' economies. The priority targets for financing will be innovations, technological developments, implementation of various research and development projects.

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