July 15, 2014 / 7:40 PM / in 4 years

BRICS bank presidency to be for five years -source

BRASILIA, July 15 (Reuters) - India will hold the presidency of the new BRICS development bank for five years, a senior official involved in the negotiations said on Tuesday.

The source added Brazil is expected to be the second country to hold the bank’s presidency, according to a preliminary agreement between the members of the group which also includes China, Russia and South Africa. (Reporting by Alonso Soto; Editing by Walter Brandimarte and Meredith Mazzilli)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below