NEW DELHI: Officially we state that BRICS Development Bank has entered the final straight. All the main parameters have been coordinated between the countries: the participating countries, each country’s contribution, the leading bodies, the headquarters and the first subsidiary’s location.
Now each member country is working on finding the staff for the organization, and the candidatures of Chairman, President etc. are being decided upon,” Katyrin said.BRICS Bank to finance “green” projects Russian ecology minister.But he added that there are still questions to be discussed up to the very start of the Bank’s activity, in particular, participation of non BRICS members in the work of the BRICS Bank.
It is yet undecided if they would be allowed to put forward their projects and make financial contributions. The first meeting of the BRICS Development Bank’s Board of Directors is to take place held as part of the BRICS summit in the Russian town of Ufa in July, 2015. The BRICS summit is expected to be held on July 8-10.
