{"id":2303,"date":"2014-09-01T18:18:36","date_gmt":"2014-09-01T18:18:36","guid":{"rendered":"http:\/\/fenello.com\/blog\/?p=2303"},"modified":"2014-09-01T18:18:36","modified_gmt":"2014-09-01T18:18:36","slug":"brics-announce-200b-challenge-to-world-financial-order","status":"publish","type":"post","link":"http:\/\/fenello.com\/oldnews\/tranzitioning\/?p=2303","title":{"rendered":"BRICS announce $200B challenge to world financial order"},"content":{"rendered":"<div class=\"mceItemEmbedly\" style=\"max-width:600px;\" data-ajax=\"{'url':'http:\/\/america.aljazeera.com\/articles\/2014\/7\/15\/brics-bank-announced.html','width':null,'words':null,'height':null,'embed':'&lt;div class=\\&quot;embedly\\&quot; style=\\&quot;\\&quot;&gt;&lt;img src=\\&quot;http:\/\/america.aljazeera.com\/content\/dam\/ajam\/images\/articles_2014\/07\/brics_leaders_bank_071514.jpg\\&quot; class=\\&quot;thumb embedly-thumbnail-small\\&quot; \/&gt;&lt;a class=\\'embedly-title\\' target=\\'_blank\\' href=\\'http:\/\/america.aljazeera.com\/articles\/2014\/7\/15\/brics-bank-announced.html\\'&gt;BRICS announce $200B challenge to world financial order | Al Jazeera America&lt;\/a&gt;After years of railing against the Western-dominated global financial order, a powerful bloc of the world\\'s emerging economies has finally done something about it. On Tuesday, the BRICS nations - Brazil, Russia, India, China and South Africa - formally introduced their long-awaited $100 billion development bank, to be headquartered in Shanghai, and a currency reserve of the same size, institutions that aim to be both competitor and antithesis to the World Bank and International Monetary Fund.&lt;div class=\\&quot;embedly-clear\\&quot;&gt;&lt;\/div&gt;&lt;span class=\\&quot;embedly-powered\\&quot; style=\\&quot;float:right;display:block\\&quot;&gt;&lt;a target=\\&quot;_blank\\&quot; href=\\&quot;http:\/\/embed.ly\/code?url=http%3A%2F%2Famerica.aljazeera.com%2Farticles%2F2014%2F7%2F15%2Fbrics-bank-announced.html\\&quot; title=\\&quot;Powered by Embedly\\&quot;&gt;&lt;img src=\\&quot;http:\/\/static.embed.ly\/images\/logos\/embedly-powered-small-light.png\\&quot; alt=\\&quot;Embedly Powered\\&quot; \/&gt;&lt;\/a&gt;&lt;\/span&gt;&lt;div class=\\&quot;media-attribution\\&quot;&gt;&lt;span&gt;via &lt;\/span&gt;&lt;a href=\\&quot;http:\/\/america.aljazeera.com\\&quot; class=\\&quot;media-attribution-link\\&quot; target=\\&quot;_blank\\&quot;&gt;Aljazeera&lt;\/a&gt;&lt;\/span&gt;&lt;\/div&gt;&lt;div class=\\&quot;embedly-clear\\&quot;&gt;&lt;\/div&gt;&lt;\/div&gt;'}\">\n<div class=\"embedly\" style=\"\"><img decoding=\"async\" src=\"http:\/\/america.aljazeera.com\/content\/dam\/ajam\/images\/articles_2014\/07\/brics_leaders_bank_071514.jpg\" class=\"thumb embedly-thumbnail-small\" \/><a class='embedly-title' target='_blank' href='http:\/\/america.aljazeera.com\/articles\/2014\/7\/15\/brics-bank-announced.html'>BRICS announce $200B challenge to world financial order | Al Jazeera America<\/a>After years of railing against the Western-dominated global financial order, a powerful bloc of the world&#8217;s emerging economies has finally done something about it. On Tuesday, the BRICS nations &#8211; Brazil, Russia, India, China and South Africa &#8211; formally introduced their long-awaited $100 billion development bank, to be headquartered in Shanghai, and a currency reserve of the same size, institutions that aim to be both competitor and antithesis to the World Bank and International Monetary Fund.<\/p>\n<div class=\"embedly-clear\"><\/div>\n<p><span class=\"embedly-powered\" style=\"float:right;display:block\"><a target=\"_blank\" href=\"http:\/\/embed.ly\/code?url=http%3A%2F%2Famerica.aljazeera.com%2Farticles%2F2014%2F7%2F15%2Fbrics-bank-announced.html\" title=\"Powered by Embedly\"><img decoding=\"async\" src=\"http:\/\/static.embed.ly\/images\/logos\/embedly-powered-small-light.png\" alt=\"Embedly Powered\" \/><\/a><\/span><\/p>\n<div class=\"media-attribution\"><span>via <\/span><a href=\"http:\/\/america.aljazeera.com\" class=\"media-attribution-link\" target=\"_blank\">Aljazeera<\/a><\/span><\/div>\n<div class=\"embedly-clear\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BRICS announce $200B challenge to world financial order | Al Jazeera AmericaAfter years of railing against the Western-dominated global financial order, a powerful bloc of the world&#8217;s emerging economies has finally done something about it. On Tuesday, the BRICS nations &hellip; <a href=\"http:\/\/fenello.com\/oldnews\/tranzitioning\/?p=2303\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2303","post","type-post","status-publish","format-standard","hentry","category-tranzitioning"],"_links":{"self":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/2303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/comments?post=2303"}],"version-history":[{"count":1,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/2303\/revisions"}],"predecessor-version":[{"id":2304,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/2303\/revisions\/2304"}],"wp:attachment":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/media?parent=2303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/categories?post=2303"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/tags?post=2303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}