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SOURCE:   Almanac of Modern Science and Education. Tambov: Gramota, 2015. 3. P. 127-129.
SCIENTIFIC AREA: Economic Sciences
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THE BRICS DEVELOPMENT BANK AND POOL OF CURRENCY RESERVES

Cheban Aleksandr Viktorovich
Plekhanov Russian University of Economics


Abstract. In this article the objectives, functions, fund amount of the BRICs Development Bank, as well as preconditions that led to its creation are considered. The paper is devoted to a topical problem of changing the world financial and economic architecture. The advantages and disadvantages of the BRICs Development Bank foundation and possible versions of transforming disadvantages into competitive advantages for countries - the participants of the group - are analyzed.
Key words and phrases: , , , , , International Monetary Fund, World Bank, the BRICs, Russia, Brazil.
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