New BRICS Development Bank Announced
Their "mechanism aims to achieve peace, security, development and cooperation. It also seeks to contribute significantly to the development of humanity and establish a more equitable and fair world."
America's economic supremacy is declining. BRICS countries are some of the world's fastest growing. BRICS have other ideas in mind. They seek a multipolar world. Much work remains to be done. Agreement on details must be finalized. It'll take time to begin operations.
BRICS Development Bank intends no one country to dominate. Voting rights will reflect equality. Economic growth matters most.