New BRICS Bank Not Very Credible: Garcia-Herrero

New BRICS Bank Not Very Credible: Garcia-Herrero Play

July 15 (Bloomberg) –- BBVA Chief Emerging Markets Economist Alicia Garcia-Herrero discusses the creation of a $100B reserve fund and $50B development bank by five of the world’s largest emerging markets in an effort to revive the group’s waning clout. She speaks to John Dawson on Bloomberg Television’s “On The Move.” (Source: Bloomberg)

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