Each country in the BRICS development bank has equal equity. What is the amount of this equity?
Each country in the BRICS development bank has equal equity. What is the amount of this equity?
[A]10 Billion USD
[B]20 Billion USD
[C]30 Billion USD
[D]40 Billion USD
10 Billion USD
Bricks Development Bank was launched on Jul 15, 2014 by BRICS countries, at Fortaleza (Brazil) Summit. Each member has an equal equity of USD 10 Billion in this bank. Shanghai will be its headquarters.
Originally written on
April 25, 2015
and last modified on
April 25, 2015.