BRICS Nations’ New Bank Threatens to Encroach on World Bank Turf

BRICS Nations’ New Bank Threatens to Encroach on World Bank Turf

Qilai Shen/Bloomberg

A security guard stands in front of a floral arrangement ahead of the BRICS Summit in Sanya, Hainan Province on April 12, 2011. The BRICS nations have combined foreign-currency reserves of $4.4 trillion and account for 43 percent of the world’s population.