They're really going after the dollar. I think that's a good thing. This one-currency domination thing is not good for the world's economy.
Well it's about time in my opinion Latin America made a bank as well to address the way the IMF operates and now the BRICS are making one as well to counteract the IMF
Pretty much showing that neoliberal economics and bailouts are being directly confronted on the international stage, makes it interesting to see strong actors coming out with alternatives to it.
this type of bank would be bailing out smaller countries just like the IMF does.