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International Economic Institution

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  • Ukraine PM renews push for austerity measures

    KIEV (Reuters) - Ukrainian Prime Minister Arseny Yatseniuk on Monday called on lawmakers to pass budget amendments on a second attempt to secure financing for the military and maintain Kiev's bailout deals with the International Monetary Fund and the World Bank.
  • China's Xi begins 2nd trip to Latin America

    MEXICO CITY Chinese President Xi Jinping on Tuesday starts his second lengthy trip to Latin America in barely more than a year, showering attention on a region partially neglected by Washington and relishing China's role as the biggest financier to...

    A rival to US leadership: BRICS nations to start an alternative World Bank

    The following editorial appeared in the Pittsburgh Post-Gazette on Wednesday, July 16: In Fortaleza, Brazil, on Tuesday, the other shoe dropped in terms of the effect of U.S. decline on the international economic order as the BRICS nations Brazil,...

    The biggest challenge for BRICS success? Big brother China

    FORTALEZA Brazil (Reuters) - In two years of tough negotiations to create the new BRICS development bank, the main stumbling block was not a lack of resources or commitment, but fellow partner China. The Chinese initially wanted a bigger share of the...

    'BRICS' nations to form development bank to rival World Bank, IMF

    The so-called BRICS countries agreed to form an international development bank with aspirations to challenge the dominance of the World Bank and the International Monetary Fund. Leaders of Brazil, Russia, India, China and South Africa said Tuesday...