Rappler's latest stories on Contingent Reserve Arrangement
BRICS shake up global economic architecture
The mere creation of the two BRICS institutions sends a strong signal to Western powers where some doubt the ability of the five powerhouses to surmount their individual needs and ambitions

BRICS meet South American leaders after bank deal
BRICS leaders justifies the creation of a development bank seen as an alternative to Western dominated global financial organizations

BRICS create development bank, 'mini-IMF'
The leaders of Brazil Russia India China and South Africa agreed to launch the institutions to finance infrastructure projects and head off future economic crises
