India Gets First Presidency Of The BRICS Bk
  • Natasha Patidar
  • Jul 16 2014

July 16: After months of hectic negotiations, leaders of BRICS agreed on the structure for the $50 billion development bank. The bank will be headquartered in shanghai. India had to settle for the consolation prize of the first presidency. To discuss the developments Bloomberg TV India talks to Bloomberg’s Unni Krishnan from Brazil and Former Chairman of Goldman Sachs Asset Management and Bloomberg View Columnist Jim O'neill.