Sri Lanka defaulted on its external debt for the first time in its postcolonial history…
The BRICS Bank: Part of a new financial architecture (I) Oscar Ugarteche
The BRICS Bank would be less vulnerable if it used non dollar denominated bonds similar to those established by the World Bank in the 1980’s.
BRICS_Bank_I (Download the full text in PDF format)
(This was originally published at: http://alainet.org/active/75589.)