Escobar: BRICS bank on its way to beat casino financial system
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New Development Bank will provide money for infrastructure and development projects in BRICS countries, and unlike the IMF or World Bank, each nation has equal say, regardless of GDP size. "BRICS Bank will be one of the major multilateral development finance institutions in this world," Russian President Vladimir Putin said on Tuesday at the 6th BRICS summit in Fortaleza, LIVE to RT! us on Facebook us on Twitter us on Instagram us on Google+ +RTRT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.