Lafazanis: Greece could become a member of the BRICS New Development Bank as soon as the bank is launched
“Greece
could become a member of the BRICS New Development Bank (NDB) on an
equal footing like its current members as soon as the bank is
launched, Greek Energy Minister Panagiotis Lafazanis told Sputnik on
Friday.”
“Russia
invited Greece in May to become a member of the NDB, regarded as an
alternative to Western global financial institutions, such as the
International Monetary Fund (IMF) and the World Bank. Athens would be
one of the first non-founder members of the bank.”
“Lafazanis
added that discussions on the issue had been very positive and the
president of the NDB, Kundapur Vaman Kamath, said that he would
support a Greek decision to become a member of the bank, when the
country submitted its application.”
“Five
major developing economies — Brazil, Russia, India, China and South
Africa — signed an agreement to establish the NDB at a July 2014
summit in Fortaleza, Brazil. The countries also agreed to establish a
$100-billion reserve currency pool to ensure the bank's financial
stability. On April 16, Russian Finance Minister Anton Siluanov said
the New Development Bank would be launched prior to the BRICS summit
in the Russian city of Ufa on July 9-10.”
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