Rival to World Bank, with India equal role

[StarCraft_ZT]

a group like BRICS means equality..China may have more wealth than others,but BRICS wasn't created for China's wealth,right??tell me,then what South Africa,whose economy is lesser than all other members,have to contribute???a mere $5 bil will make him a lesser member of this group..

BRICS stands for co-op,not domination..its a good idea to contribute equal amount of money,cause money talks..the member which will provide more money will try to reap benefit more..

and BRICS bank can't be a contender of World Bank..cause only member of this bank will be these 5 countries..it is as simple as that..

Before discussing whether we should adopt equal share policy or other proposal, you should know that BRICS is just a loosely made up group defined by Goldman Sachs to portray emerging markets. We are together saving emerging markets and contemplating more investment opportunities worldwide. Yes, you are right when you mentioned that it's co-op, but you forget that we have totally different interest appeal, South Africa has no such worldwide strategy to implement or global business to take care of, as compared to China or India. A relatively small portion for South Africa is understandable and enough, why should South Africa, with a small economy, pay the check for other countries' bill? China has more global outreach, by pouring more fund to this platform, we can take care of our business. If India has such corresponding outreach in the world, China will never reject your proposal to cut into 5 equal share.

The point here is you forcely drag South Africa to your own side for you own interest. If they take too much foreign exchange reserve from their central bank to contribute to BRICS bank, they will not have enough fund to deal with the risks of rate fluctuations domestically. China is different, because we the the No.1 foreign exchange reserve. We can afford more share. They don't need to contribute too much, this is the key. Power decides our share. If you can contribute more funds by real need, we won't oppose.

Your government carry out policies without any reasonable consideration. We will lose nothing just by cutting our share from 41% to 20%, because we already established good co-op relation with other emerging market, even by foreign currency swap with UK, France and other 20 countries, which is a good way to promote CNY to internationalization. Simultaneously, you will gain nothing just by reducing China's share to the equal base.

 

[StarCraft_ZT]

Truth is that Chinese can do what ever they want, India will pursue its own goals in ASEAN,South America and Africa.

Same to you. You can do whatever you like, if you have the CAPABILITY. No, actually, it should be: you can do whatever you SAY. Never mind, it will never come true.

 

[Srinivas]

Same to you. You can do whatever you like, if you have the CAPABILITY. No, actually, it should be: you can do whatever you SAY. Never mind, it will never come true.

Is it?

India has the capability, just because some manipulated GDP stats showed Chinese GDP as 8 Trillion do not mean it is the truth.

 

[StarCraft_ZT]

Is it?

India has the capability, just because some manipulated GDP stats showed Chinese GDP as 8 Trillion do not mean it is the truth.

OK, forget our GDP, why do you care so much of fake data? Indian members are so obsessed with China's fake data. What does it help? Like I said in this thread, you always want to drag us down to your level with any tricks.

Come and help me identify if all these data in the table below are fake. Also, our living standard never lie, our FDI never lie, Chinese tourists' top 1 consumption power overseas never lie, our spacecraft never lie, our three trillion USD foreign reserves never lie, our strong CNY never lie!

 

[Masters]

50 cent trolls, this forum is littered with them...

OT - excellent move - hopefully they will shut their trap and stop playing boss to us again.

We will boss you around when we want and where we want.

That's why we invade your country whenever we damn well please.

Why? Because we have utterly zero respect for India and the poverty-stricken humans living in that country.

India has always been our little punching bag, we can do whatever we want to you and you can do nothing about it. That's how we slap you and boss you around.

Live with that humiliation!

 

[[Bregs]]

Equal funding by all members means there is no one boss and consensus will rule

 

[StarCraft_ZT]

Equal funding by all members means there is no one boss and consensus will rule

No, consensus might work within the office building of BRICS bank. It never rule when confronted with the real world. Any result of international negotiation are finally decided by comprehensive national power.

 

[illusion8]

No, consensus might work within the office building of BRICS bank. It never rule when confronted with the real world. Any result of international negotiation are finally decided by comprehensive national power. Can you stop US's invasion to Syria through legal way?

What are you blabbering about?

Can you stop US invasion of Syria? Is the BRICS even out to talk about that? you will have no "veto power" if that's what you are looking for in BRICS.

China will have no say in the BRICS bank anymore - all five member nations will be equals.

 

[StarCraft_ZT]

What are you blabbering about?

Can you stop US invasion of Syria? Is the BRICS even out to talk about that? you will have no "veto power" if that's what you are looking for in BRICS.

China will have no say in the BRICS bank anymore - all five member nations will be equals.

This bank is not our main concern, it's just another tool to stabilize our financial market and to optimize our international business relations. I already said we will lose nothing if it were equal. However, you rely on it.

 

[illusion8]

This bank is not our main concern, it's just another tool to stabilize our financial market and to optimize our international business relations. I already said we will lose nothing if it were equal.

Excellent move by India and equally supported by the other three.....this is how it will be for everything else too.

 

[StarCraft_ZT]

Excellent move by India and equally supported by the other three.....this is how it will be for everything else too.

Is this bank EVERYTHING for India?

 

[illusion8]

Is this bank EVERYTHING for India?

I don't think so....by a long shot.

 

[StarCraft_ZT]

Your financial system are so weak, you have to rely on it, I understand that. We are different, we can make it by ourselves. Equal share does not guarantee that your financial system are strong enough to face falling rupee. You are too optimistic.

 

[Masters]

What are you blabbering about?

Can you stop US invasion of Syria? Is the BRICS even out to talk about that? you will have no "veto power" if that's what you are looking for in BRICS.

China will have no say in the BRICS bank anymore - all five member nations will be equals.

No say in BRICS?

Kid, we brought South Africa into BRICS.

We are the king maker in this group. India is just above South Africa in importance and below Russia and Brazil.

Our economic output, industrial output, consumer market size, FDI, ODI, manufacturing, exports, currency importance, forex reserves, sovereign wealth fund, etc.

In every metric we are so far ahead of everyone else, we are more dominant in BRICS than the US is dominant in G8.

Anyone that thinks we don't have a say or cannot control the agenda is not just a fool but utterly delusional.

 

[illusion8]

No say in BRICS?

Kid, we brought South Africa into BRICS.

We are the king maker in this group. India is just above South Africa in importance and below Russia and Brazil.

Our economic output, industrial output, consumer market size, FDI, ODI, manufacturing, exports, currency importance, forex reserves, sovereign wealth fund, etc.

In every metric we are so far ahead of everyone else, we are more dominant in BRICS than the US is dominant in G8.

Anyone that thinks we don't have a say or cannot control the agenda is not just a fool but utterly delusional.

GTFO troll...I don't waste time on trash.