On the development bank, the leaders directed their finance ministers to “set up a joint working group for further study, and report back to us by the next summit”.
A plan to form a joint development bank by the BRICS group of the world’s most powerful emerging economies will have a hard time getting off the ground and could struggle to match the World Bank’s expertise, World Bank President Robert Zoellick said
PM Manmohan Singh said on Thursday, “We had an in-depth discussion on the situation in West Asia. We agreed that a lasting solution to the problems in Syria and Iran can only be found through dialogue.”
Sources said the proposal regarding the CECA between India and the Customs Union of Russia, Kazakhstan and Belarus was discussed between the two sides.
The Delhi Declaration — the outcome document of the BRICS summit — will put forward the “contrarian view” on Syria and Iran that will be against the “drumbeats of war”