The financial assets of the BRICS countries amount to 60 trillion US dollars, accounting for more than 50% of the global total.

Russian Finance Minister: The total financial assets of the BRICS countries have reached 60 trillion US dollars, accounting for more than 50% of the world.

Russian Minister of Finance Siluanov stated that the total scale of financial assets of the BRICS countries has reached 60 trillion US dollars, accounting for more than 50% of the global total.

Siluanov said at the opening ceremony of the New Development Bank Council held in Rio de Janeiro, and at the plenary session with the theme "Promoting Development: Working with Multilateral Development Banks of the Global South to Promote Innovation, Cooperation, and Positive Change," that "the total scale of financial assets of the BRICS countries has reached approximately 60 trillion US dollars, which is more than 50% of the global level."

Siluanov further stated that, in this context, the model of the New Development Bank is also changing. He said, "The transition from a 'BRICS Bank' to a 'Bank for the Global South.' The bank is expanding its geographical coverage, and new countries are joining the bank. We welcome the addition of Algeria, Uzbekistan, and Colombia."

Original: https://www.toutiao.com/article/1836732665538825/

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