BRICS

The presidents of the country members of BRICS (Brazil, Russia, India, China and South Africa) began its Sixth Summit, to design new financial structures: a Development Bank and a Reserve Fund.»

Chinese President Xi Jinping’s visit to Argentina, Brazil, Venezuela and Cuba, starting in mid July, was announced officially in Beijing on Monday.»

The upcoming visit to Cuba of President Xi Jinping was described as relevant to further deepen bilateral political ties and strengthen economic and friendship collaboration between the leaders of both countries.»

The emerging powers from the so-called BRICS group agreed today in this city to create a development bank to finance infrastructure projects.»