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BRICs 2.0 and their baptism by fire

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If the expected growth of any of the BRICs comes to a halt, their institutions will be put on the spot, and there will be uncertainties. By Marcos Troyjo The true essence of the “Brics 1.0” was calling the world’s attention to their potential as propellers for global growth. After the summit in Fortaleza (Brazil), we saw the acronym take on new dimensions besides its geo-economic power, becoming more of an institutional family. This new family’s first child is the NDB, orNew Development Bank. NDB’s success and its relevance will be a true test for the new phase of BRICs […]
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