BRICS bank working capital set at $10bn

BRICS bank working capital: The working capital of the new BRICS bank is to be set at $10bn to be divided proportionally among its founding member states, Russia’s Finance Minister Anton Siluanov said this week. The bank will also be underwritten by $100bn of authorised stock and $50bn of dedicated capital, and funding for infrastructure projects will be made available to all UN countries. ITAR-TASS