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The decision to set up BRICS development bank may be made on Wednesday – spokesman

March 27, 2013, 13:25 UTC+3
At present, discussions are underway over the proportions of investments, the management system
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DURBAN /South Africa/, March 27 (Itar-Tass) The decision to set up a BRICS Development Bank is likely to be made at the present summit of the organization in principle, and details will be coordinated at subsequent summits, spokesman for the Russian president Dmitry Peskov said.

"At present, discussions are underway over the proportions of investments, the management system, etc," Peskov said, "that it will be a market mechanism is the position adhered to by Russia."

"Today, the decision may be made in principle, and details and certain fine points might be left to other summits to settle," the spokesman said.

 

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