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16 July 2015,

BRICS Vow Coordinated Action

Akshay Mathur, Head of Research, Gateway House, was a guest on a Bloomberg TV India panel on the VII BRICS Summit in Ufa, Russia. Akshay spoke on the BRICS NDB and the Currency Reserve Arrangement

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July 10: Leaders of BRICS Nations admitted that they were worried about the volatility in the global financial markets and oil prices and agreed to coordinate efforts to keep their economies stable. The BRICS leaders also launched their latest initiative — A Development Bank and a Currency Pool. To discuss the scope of this summit, Akshay Mathur, Head of Research and Geoeconomics Fellow at Gateway House joins us.