A League of Their Own: BRICS Nations Plan Unified Future

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United Bank of BRICS?

On the agenda for the high-profile meeting was the possible creation of an international development bank among BRICS nations that could possibly rival the World Bank.

Although there was no final word on how or when such a development would occur, the leaders "agreed to examine in greater detail a proposal to set up a BRICS-led South-South Development Bank, funded and managed by the BRICS and other developing countries," said Prime Minister Manmohan Singh of India.

(Photo: PRAKASH SINGH/AFP/Getty Images)

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