Picturing the BRICS Development Bank


A picture is worth a thousand words they say. The photo below is culled from a New York Times article on the recent BRICS Summit in March, and discussions about establishing a BRICS Development Bank, to challenge the World Bank and the International Monetary Fund. The article basically highlights how difficult it would be for the BRICS to create this bank given their political, social and economic differences, and this photo says it all.

Photo courtesy: New York Times
President Vladimir V. Putin of Russia on Tuesday in Durban, South Africa, walking in the heavy rain, just ahead of Nosiviwe Mapisa-Nqakula, South Africa’s defense minister. Photo courtesy: New York Times

One interesting paragraph in particular says:

“The developing countries in the bloc hardly invest in one another, preferring their neighbors and the developed world’s major economies…”

Very interesting…

Related articles:

BRICS Bank to Herald End of International System?” by Andy Lagenkamp for Huffington Post

The BRICS are Building a Challenge to Western Economic Supremacy” by Radhika Desai for The Guardian

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One thought on “Picturing the BRICS Development Bank

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