BRICS Inter-Bank Cooperation Mechanism Annual Meeting Held in Sanya
   2011-04-13 17:08:10    CRIENGLISH.com      Web Editor: Guo

Li Wuwei, vice chairman of China's top political advisory body delivers a speech at the opening ceremony of BRICS Inter-Bank Cooperation Mechanism Annual Meeting and Financial Forum on Wednesday, April 13, 2011. [Photo: CRIENGLISH.com]

BRICS Inter-Bank Cooperation Mechanism Annual Meeting and Financial Forum themed "Financial Cooperation for a Better Future" opened in Sanya, China's Hainan province on Wednesday.

Li Wuwei, vice chairman of China's top political advisory body, told the opening ceremony that the BRICS countries have been playing a leading role in economic recovery and have become driving forces of the global economy. Promoting cooperation among the emerging countries goes in line with the interests of five BRICS countries and contributes to world economic development.

The inter-bank cooperative mechanism was established in April 2010 by the Brazilian Development Bank (BNDES), Russia's State Corporation Bank for Development and Foreign Economic Affairs, Export-Import Bank of India, China Development Bank and Bank of Southern Africa.
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