Brick by Brics

No one's saying, 'Move over, Bretton Woods, Brics is here'. But Brics nations - Brazil, Russia, India, China and South Africa - certainly grabbed eyeballs at their Durban summit by firming up plans for a new development bank to fund infrastructure and a $100 billion contingency reserve arrangement to provide themselves financial succour in times of trouble. The dressing on the side is a business council with great potential to boost trade and investment.

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