Gregory Chin (Political Science) was quoted in a Toronto Star article on the $50 billion (U.S.) development bank established by the leaders of Brazil, Russia, India, China and South Africa – collectively known as the BRICS nations. The historic accord also created a $100 billion reserve fund which member states can use to support their currencies in the event of a crisis.
“The fact that they showed the political will to do it, that’s a potential game changer,” said Chin.
The article, BRICS nations reach historic accord, by Madhavi Acharya-Tom Yew, was published on 15 July 2014 and is available at:
http://www.thestar.com/business/economy/2014/07/15/brics_nations_reach_historic_accord.html