BRICS Contingency Reserve Agreement

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BRICS Contingency Reserve Agreement

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BRICS
Expansion and economic initiatives
…the NDB, BRICS launched the Contingency Reserve Agreement (CRA), meant to provide countries experiencing economic strain with liquid currency. Unlike the NDB, the CRA is not bound by an equal contribution stipulation, and China provided 41 percent of the agreement’s initial assets. BRICS members have discussed the creation of a…
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…the NDB, BRICS launched the Contingency Reserve Agreement (CRA), meant to provide countries experiencing economic strain with liquid currency. Unlike the NDB, the CRA is not bound by an equal contribution stipulation, and China provided 41 percent of the agreement’s initial assets. BRICS members have discussed the creation of a…
Read More