[captioning made possible by kcet television] >> today on "earth focus," africa adapts to a changing climate, creating new models to meet today's environmental challenges, coming up on "earth focus." >> climate change is a broad and far-reaching problem facing africa. >> [shouts] >> so much of the continent's future as a hand-to-mouth agrarian society is dependent on a stable climate. >> climate change is very simple. it's the way my grandmother would look at a crop which is growing today in a different way than the way it used to grow a few years ago. it's the way my grandmother would see the way the stream used to flow and the way it is flowing today, and you link that to her life 30 years ago. then you'll be able to understand climate change much more faster. >> here in southern africa, people are considered to be some of the most vulnerable in the world to climate change. >> the african continent is especially vulnerable to climate change. we are most likely to experience rapid climate change over the southern african region within the coming century. >> but there's another side

to come to africa. the best thing that has happened to me is now hearing president obama and hearing usaid saying what i have been trying for 30 years, that it is only when we assist our people in africa to have an income if the only way we are going to eradicate poverty. thank you very much. [applause] >> president banda thank you very much for this excellent remarks. i would now like to call on our third president, president macky sall for his comments. >> thank you very much. [speaking in native tongue] >> translator: i would like to express my apologies for being late. in fact we are talking about democracy and democracy assumes the sovereignty of the people. yesterday after dinner the people of senegal, the people from senegal and the united states from all states wish to wait -- meet with me and therefore had spent some time and actually in actually i was with them until 4:00 in the morning and that gave me very little time to come here so i would like to extend my apologies. ladies and gentlemen

because africa is just consumer of chinese product and africa is just exporter of natural resources. this kind of relationship is kind of opinion is also observed especially in africa. >> reporter: he says chinese leaders are well aware of the criticism and they've launched new measures to address the issue. >> they start financial support for small and medium enterprise in africa and also they started talk with world bank and they tried to join to initiate program for manufacturing sector development in africa. >> reporter: he says africans will continue to feel china's presence on their continent as president xi follows through with the promises of his predecessor hu jintao and lays down his own policies. nhk world, tokyo. >>> south korean officials say the north's latest military exercise was on it's east coast, on a grand scale. the north state media says it's leader kim jong-unso super vise the drill. we said the north appears to be preparing for more combined military exercises, he says south korea is on alert for additional provocations. we also refer to the sinking of a south

its art is inspired by africa. country of a thousand proverbs when the african proverbs have been forgotten throughout the african diaspora x. be haiti is a country that knows its history, that invites almost the anger of the western society and particularly in france. they remember jean jacques -- [inaudible] and they remember tucent. sadly, i went to a school in jamaica to speak to high school students in jamaica not far from haiti, and i asked a group of 15-year-olds if they knew who tiew santa lieu v.a. cure went up, and not a hand went up. i asked if they knew who snoop dogg was, and all hands shot up. they knew nothing of the story or of people who whom we owe so much. but it still seems to gall the united states and western communities. so for that reason i am suspicious of our embrace of haiti. and it bothers me, and it is extreme to say what i said. but sometimes one has to wonder if they would be better off if network left them alone -- if america left them alone. his next question was -- >> host: preside

capital of south africa for it luncheon hosted by president zuma of south africa. jinping, the new president of china, and a lot of investments in africa. on this occasion of him becoming the new president, a luncheon in his honor. i want to give you more on the bric's themselves. some of the most populous countries in the world. think about china with their 1.3 billion people. india, 1.2 billion there. brazil, about 200 million in population there. russia, about 143 million, then south africa, the most recent country to join the bric's, 52 million. altogether the world's population and when you think about the size of those economies, that is $13 trillion those combined countries are all worth. the growth rates are interesting. it you look at these sorts of even, india, 5.4%, and south africa, of any country in europe would be thrilled to have a growth rate like that. said,rd from one analyst despite the growth figures that you cannot write off the bric nations. , so some of these guys have slowed down, but they're still growing rapidly compared to developed count

to come to africa. the best thing that's happened to me during this trip has now hearing president obama, engineering yesterday saying what i've been trying for 30 years, that it is only when we assist our people in the continent of africa to do business, to have an income at household level, that sealed we were going to eradicate poverty on that continent. thank you very much for your attention. [applause] >> and now president sall for his comments. >> thank you very much. mrs[speaking in native tongue] >> translator: i would like to express my apologies for being late. in fact, we are talking about democracy and democracy consumes the summary of the people. yesterday after dinner the people of senegal, people from senegal and the united states, from all states who wished to meet with me and, therefore, i had to spend some time that i was with him and to four in the morning. and that gave me very little time to come here. so i'd like to extend my apologies. ladies and gentlemen, i am the president of a

talk turns to action at the brick summit in south africa with the world's top emerging economies staking out a challenge to the dollar and green lighting a massive new fund. the guantanamo bay hunger strike reaches its fiftieth day amid fears the inmates find prison mistreatment could really and leave a bad taste in the minds of u.s. government officials keep silent on the issue. the chief biggest bank gets the boot to predicting doom and gloom all european banks get by panic savers concerned about brussels potentially reaching into their accounts. immigrants face a new controversial citizenship test that includes a wide ranging questions on history and even some members of the british parliament . our top stories this hour. international news and comment live from studio center here in moscow this is r.t. with the twenty four hours a day. a new global bank is being born in south africa where the world's top emerging economies are meeting the new financial powerhouse will be a direct challenge to the world bank and the i.m.f. both dominated by the u.s. brazil russia india china and south

when an is inspired by africa. haiti is a country of a thousand proverbs. when an african proverb has been forgotten throughout the diaspora, it invites almost a anger of western society and particularly in france, they remember jean jacques desoline, sadly i went to school in jamaica to speak to high school students in jamaica not far from haiti and asked a group of 15-year-olds if they knew who that was and they said not a hand went up and i asked if they knew who snoop dog was and every hand went up. they knew nothing of the extraordinary story of the haitian people to whom we owe so much. it still seems to golf united states and the western community. for that reason i am suspicious this vicious -- suspicious of our embrace of haiti. it bothers me and it is extreme to say what i said but sometimes one has to wonder if they would be better off if america left them alone. next question. >> host: president obama's africa policy. >> guest: i am concerned about that. i just think when you get american military involved with your military, the disengagement d

that they do so they sailed around the coast of africa, coming back into africa. so it's like somebody built a wall around africa in 1,000 bc. africa would develop on its own trajectory, and basically lacking, what, about three or four thousand years behind the western area because it gets a later start because of the plants and animals. but it will eventually get on the path. you have developed societies who start colonizing africa. so the indexes are a useful tool for looking at these things, and directs attention toward what are the thing wes need to explain here about world history? so, yeah, i think bundling up the things could be an interesting exercise. >> thank you. professor, for an interesting talk. my name is ryan. i wanted to press you on your definitions of east and west and what they might mean in the coming centuries. you have to forgive me. seems like your definition start with geography and then as societies develop and become able to do your four indicators over a larger geographic area, expansion of the cultural, political practices associated w

joining us with the latest from the summit in south africa is our own samantha loring from cnbc africait's great to see you. it sounds like big headlines, but the details matter here, and they're still being worked out. >> reporter: certainly still being worked out. and i'm not quite sure whether we'll have anything by the end of this summit, in fact. we spoke to the finance minister of south africa, gordon, yesterday. he said it's going to be germany. it's not an event, the development of the brics development bank talking about issues ironing around governance and of course capitalization of the banks. you have the contingency fund. we know that china will be committing the bulk to it, but so far to date, we only have almost an mou in place, an understanding that they have an intention to launch it. that's being said. no details on that. but what we have details on is bilateral agreements between many of the brics nations, for example, between south africa and russia, nine bilateral agreements being signed. south africa, big intention with its nuclear power plants and russia saying i

the new chinese president cements trading ties with south africa. it is the main ingredient of cocaine, but bolivia has big plans to commercialize the coca leaf industry. the arab league has given a clear signal of support to this jury and the national coalition -- to the syrian national coalition. in its annual meeting, they've also agreed to arm the rebels. 24th arabrt of the league summit, leaders honored -- trying to find a solution to many regional issues. the spotlight was on this man. invited him to represent syria at the summit. the summit on behalf of the syrian people. >> we thank all of the government to supported us. the role to be played by the united states is much bigger. nato s.requested allies of innocent civilians. we do not wish to fight, we want to protect innocent civilians. >> the war in syria has dominated the summit. qatar called on the war to act. >> -- on the world to act. internationalthe conscience to pretend to the bloodshed. to hold the syrian regime responsible for the crimes committed against its own people. >> it cou

first, south africa is decades from apartheid. economic troubles remain. >> john: 13 south african soldiers part of a mult million national army died fighting rebels in a central african-american republic. the heavily vit sized intervention is one of the myriad problems facing the former home of apartheid. senior former affairs correspondent greg palkot has that story. >> reporter: south-kay the, the biggest economy in africa. gleaming downtown. stadium from the success 206810 soccer world cup. state-of-the-art infrastructure. only a few decades ago, the country was the scene of deadly riots. against the impressive and racist apartheid regime. those protests would lead in the following years to peaceful transition to black majority led got. headed by icon nelson mandella. >> so it was a huge change. so, it was a massive movement. >> mbecki was activist at the time of transition. >> there was a huge number of lessons. most importantly, removing the conflicts from society. suddenly, the conflicts disappeared. the bonds disappeared.

during the apartheid era it's true in the case of south africa there was huge international support of the apartheid movement there was a lot of action activity in the united nations but the main inhibiting factors were first of all the u.s. on the reagan and the u.k. under margaret thatcher but on the other hand you had a mass movement in south africa and ultimately the mass movement in south africa was able to overcome the inhibiting factors of reagan and thatcher on the one hand and obviously the apartheid regime on the other and the same thing is needed in power story there has to be a mass movement of civil resistance movement in concert with the united nations and international public opinion i think can inhibit the united states and force an israeli withdrawal. obama is going to visit the palestinians as well how is he going to be received. well if if you're asking about popular opinion i would and will and leadership is known that it's overwhelmingly. well i think unfortunately the leadership appears never to give up hope that the americans are somehow going to launch a new

communication with the drumming patterns. >> (speaking spanish). >> this was what was going on in africa. >> (speaking spanish). >> and from some of the sounds they used to play that we almost lost all of them we still have some that he remembers. >> (speaking spanish). >> for instance -- >> (speaking spanish). >> this means "attention be alert. something is going to happen". >> (speaking spanish). >> wake up. wake up. >> wake up, wake up. (speaking spanish). >> and this are some of the drumming patterns that have been rescued by the cultural association. >> (speaking spanish). >> the african and review itse s size. >> (speaking spanish). >> to the actual size that he has. >> (speaking spanish). >> the reason why this drum was reduced in its size it was the intention of hiding it from the dominant class so they will not be oppressed by playing it. >> (speaking spanish) (drums). >> (speaking spanish). >> for these wonderful instrument called cajon it's put into different styles. also the cajon today is incorporated intd international music. >> (speaking spanish). >> (drums). (music). (app

that's why we normally come here to buy. >> reporter: trade between china and africa is soaring. chinese authorities say that since 2000 the total value has multiplied 20 times. by last year, it had reached $200 billion. but the trade is clearly balanced in china's favor. 60% of goods chinese sell to africans are electric appliances and machinery. but 70% of what chinese buy from africans are raw materials like oil or iron ore. some are concerned that this shows africans have become dependent on chinese goods. two years ago the city opened its first market exclusively for goods made outside china. this market in central yiwu, products like this are sold at shops specializing in african-made goods. merchants from 20 african countries are represented here. there is a variety of incentives to vendors. they enjoy free rent for up to three years. and the city offers low interest loans. this woman runs one of the shops. she's from cameroon. she spent 20 years there selling ornaments and traditional musical instruments to european buyers. but the credit crisis threatened her business. s

people of south africa and the world to pray for our beloved madiba and his family and to keep them in their thoughts. tonight, many did pray. seen here some of the bloodiest moments in the struggle against white minority rule. the system of apartheid mandela spent 27 years in prison for resisting before he prevailed. >> asking god to let him live longer. >> i wish him a speedy recovery. we love him so much. >> reporter: president obama meeting with african leaders at the white house today expressed concern for mandela's health. >> he's a hero, i think, to all of us. i'm sure i speak for the other leaders here. we will be keeping him in our thoughts and prayers and his entire family. >> reporter: south africa is a young country and most people here have no memory of mandela's years in captivity. the so-called born free generation. he remains an iconic, towering figure. it's 24 hours now since mandela was rushed to the hospital. officials are saying he's responding positively to treatment. his progress is being watched closely in south africa where his health is a matter of national

. >> russian companies are actively in caged in brazil, india, china, and south africa and interested in working together to enter third world markets. >> china is the biggest economic powerhouse among the five brics nations, and it is hoping the closer cooperation will lead to more business opportunities. >> the chinese government encourages and supports chinese firms that invest in other brics countries. we also welcome business leaders from other brics countries who want to invest in start businesses in china. >> china has said that brics cooperation had infinite potential, but that has yet to be realized. >> the big five have postponed the establishment of a joint development bank. how will that affect the sense of cohesion and solidarity in this emerging group. >> this shows essentially have different the group acts on international markets. china is a communist regime, and we have democracies with brazil and south africa, so this shows how heterogeneous this group is and how difficult it is for even a small group to find some kind of meeting with each other. >> china, obviously

. >> russian companies are actively in caged in brazil, india, china, and south africa and interested in working together to enter third world markets. >> china is the biggest economic powerhouse among the five brics nations, and it is hoping the closer cooperation will lead to more business opportunities. >> the chinese government encourages and supports chinese firms that invest in other brics countries. we also welcome business leaders from other brics countries who want to invest in start businesses in china. >> china has said that brics cooperation had infinite potential, but that has yet to be realized. >> the big five have postponed the establishment of a joint development bank. how will that affect the sense of cohesion and solidarity in this emerging group. >> this shows essentially have different the group acts on international markets. china is a communist regime, and we have democracies with brazil and south africa, so this shows how heterogeneous this group is and how difficult it is for even a small group to find some kind of meeting with each other. >> china, obviously

south africa talked about trying to protect its economy. this is africa's biggest economy. business representatives making the case that this is the most open economy within the bric block. they were worried about chinese imports coming into south africa and having to compete against those. the government is saying they will put mechanisms in place to make sure trade is fair and south african businesses will be protected. one of the issues that kept cropping up during that discussion was the whole role of africa, everyone recognizing that africa is the next opportunity and is talking about opportunity and is trying to leverage and making sure that they take advantage of those. we know africa is home to seven of the ten fastest growing economies in the world and everybody is looking at that. we're talking about economies like libya, ethiopia, zambia. it's a little mixture of raw materials, nation economies, and those countries that don't solely rely on raw materials. brazil did as much as $7 billion for its rail project and $400 billion for its oil and gas pep and it sees th

breaks into a powerful bloc indorsing plans to create a joint bank at their annual summit in south africa on tuesday. it's eight am in moscow i matter as a good to have you with us here on our t. our top story a post-mortem examination reveals the death of russian self exiled tycoon boris berezovsky was quote consistent with hanging his body was found in the bathroom of his u.k. home saturday examination found nothing to indicate any violent struggle with british police saying no evidence to suggest any third party involvement or sarah for has the details. the thames valley police have released the latest update in the investigation into the death of birth berzinski and they've revealed that the home office pathologist he carried out the post-mortem examination has found that the cools of death is consistent with hanging now there were no signs it said of a violent struggle we know in a previous statement that the police initiate that they said there was no evidence at this point of the party involvement see now what they see bits of the investigation coming together there is still going

and emerging powers the leaders of the brics group convene in south africa with the summit promising the establishment of a new development bank expected to reshuffle the international financial scene top stories. international news and common life from a studio center here in moscow this is where the twenty four hours a day. more than a thousand students have protested in nicosia against the last ditch bailout deal the government struck with its creditors on sunday school and university students marched to the presidential palace in the separate capital chanting slogans and saying their future has been stolen that says the chairman of the bank of cyprus the country's largest financial institution resigned while all banks in the mediterranean state remain closed until thursday to prevent a massive run on accounts depositors with over one hundred thousand euros and two of the main banks could see about forty percent of their assets taken to raise money for the crucial. reports now from nicosia. now this is. is that at the heart of the deal that cyprus sealed with its international cre

of its raw materials from africa.ads to south africa that is happening tomorrow. as china's president tours, it is actually -- it's his wife as you can imagine stealing the show. we steal the show. women steal the show. >> you always do. it's her first sort of real first lady in a public sense china's had. so she's been a big deal. she is winning rave reviews for her style and elegance. >> she might even give michelle obama a run for her money as well. a lot of talk. monita rajpal reports. check it out. >> when you've just been put in charge of more than a billion people, image is everything. and while there was no shortage of ceremony to mark chinese president xi jinping's international debut in moscow, that's not what was grabbing attention back home. enter peng liyuan. graceful, elegant and fashion forward mrs. peng is defying the trend of her predecessors and taking a central role on the international stage. and china is loving it. if the words of one official are anything to go by, the nation finally feels it has

nile crocodiles are africa's largest and most feared predator.risingly, this one didn't attack. brad and andi have been getting closer and closer to these creatures ever since. >> you do get a different sense of them. they're very beautiful animals, speckled in gold and black, and you see them as more timid, i think, beyond the teeth and the terror. there's an incredible creature that is actually an amazing animal in its own right. >> you actually think they're beautiful? >> i do think they're beautiful. i didn't used to think they're beautiful. i used to have a whole different view of them. >> this is the view most people have of nile crocodiles. stealthy and patient, they grab their prey, drag them into the water, then drown and dismember them. it's not just animals they eat. hundreds of people in africa are killed each year while bathing, laundering clothes or fishing along the water's edge. nile crocodiles are now protected in botswana but brad and andi believe more needs to be known about their behavior so humans can better avoid them. they

for international trade and economics and in london we crossed to michael amoa he is an expert on africa at the london school of economics ok anthony if i could go to you first how would you describe the situation in rwanda because there's a lot of positive news coming out but there's a lot of political news that isn't so positive so give me the balance. that's true what rwanda is going through is kind of interesting transition as we have seen that has been making a lot of positive progress in terms of economic development over the past twenty years so this is a combination of both good governance and less than forty in aid but more importantly the gyro the one people they want to achieve a better future that's why they've been implementing a lot of good policies in terms of moving forward the countries ok michael in london how would you assess the situation in the country. i mean i think i can say that you know g.d.p. for example has been increased for the past three years at least it was about seven point two percent in two thousand and ten went up to eight point six percent in two tho

. >> rose: when you look at africa, the same economist magazine has a big story in here about africa, aspiring africa. >> yes. >> rose: you're the envoy. what is your goal? >> my goal is from say look sahel is a big area. it's a strip 3,500 miles long from senegal to 700 miles large. but -- is very more genuous in terms of poverty, in term of drug area, in term of let's say all the malnutrition, in terms of child mortality. it's an area of africa that is not moving, you know. and so say let us type at a glance, not counted by counties in the area and link them in order to push the development. this is the long think are. of course when you have a case like mali, there is some obligation to try to help the process of let's say peace and new governments in order to have, in order to have -- >> rose: with respect to mali do you believe that the french intervention is achieving the success that it hoped to. >> to now, yes. and i honestly, i'm genuinely not -- to the war but i was in mali at that moment. and you know, the intervention was absolutely unavoidable. terrorists coming invited 2

and emerge as the leaders of the brics group convene in south africa the summit promising the establishment of a new development bank expected to certainly reshuffle the international financial scene. thanks so much for joining us here on r.t. i'm live in moscow with your news from all around the world. now more than a thousand students have protested. this against the last ditch bailout deal the government struck with its creditors on sunday high school and university students marched to the presidential palace in the cypriot capital chanting slogans and saying their future has been stolen. as the chairman of the bank of cyprus the country's largest financial institution has resigned. in the mediterranean state remain closed until thursday to prevent a massive run on the accounts of depositors with over one hundred thousand euros in two of the main banks could see about forty percent of their assets levied of course to raise money for the bailout. as the latest from the casino. now this is like. the heart of. with its international creditors to get that ten billion euro bailout it needs an

. >>> brazil, russia, china and south africa are the brics group and ended a summit in south africa and reached a deal to create a development bank. >> we have decided to enter formal negotiations to establish a new development bank based on our own considerable infrastructure needs. >> they agreed to launch a new mechanism to mutually provide funds and protect themselves against currency crises. until now such arrangements have been run by the united states and other developed countries through the international monetary fund and the world bank. but the economic foundations of western countries have been rocked by the credit crisis in the eurozone and the global financial meltdown triggered by the collapse of lehman brothers in 2008. china's new president xi jinping attended the summit and called on other brics members to step up cooperation with african countries. >>> china is increasing its ties with developing nations as part of its strategy to strengthen its position in the international community. nhk world reports from the brics conference on xi jinping's diplomatic agenda. >> re

talk turns to action at the bric summit in south africa where the world's top emerging economies staking out a challenge to the dollar and green lighting a massive new. hunger strike reaches its fiftieth day amid fears the inmates fight against prison mistreatment could turn deadly and leave questions for u.s. government officials to keep silent on the issue. and the chief of his biggest bank gets the boot to predict and european banks get panicked and said about brussels potentially reaching into account some top stories. international news and comment live from a studio in moscow this is r.t. with you twenty four hours a day a battle is waging across the internet the geneva based nonprofit spam filtering organization says it's one of the worst ever cyber attack so strong it's slowing down internet access globally it's allegedly a strike from a dutch web hosting company called cyber bunker which days before well thanks to a new video agency ruptly we could not get in touch with. a spokesman for cyber bunker now you being accused of this massive cyber attack are you responsible. well as

he's in charge of air force units in europe and africa. he needs to be confirmed by united states senate before taking charge of nato. the u.n. security council unanimously approved the formation of a military unit to fight rebels in the democratic republic of congo. we have the story on the special force for the d.r.c. >> the draft resolution received 15 votes in favor. >> a unanimous show of support for a hugely significant resolution. the united nations security council has authorized the deployment of troops to the democratic republic of congo, with an historic mandate. soldiers from a newly formed intervention brigade will be able to open fire without being fired upon first. >> it means for the first time that there will be a peace enforcement capacity which will carry out targeted offensive operations. either in support of the army or unilaterally in order to neutralize the armed groups. >> their main target will be m-23 rebels who have gradually taken control of parts of eastern congo and are accused of mass rape, executions and rec

talk turns to action at the brics summit in south africa with the world's top emerging economies staking out a challenge to the dollar and agreeing to a massive new bailout fund. immigrants face a new controversial citizenship test that includes wide ranging questions on history that even some members of the british parliament. top stories this hour. international news and common live from last year in moscow this is r.t. with the twenty four hours a day it's now fifty days since the biggest hunger strike began at america's war on terror a detention facility with no progress being made to stop the protests which could be close to turning deadly appetite for justice and acceptable treatment the scene three of the protesting inmates hospitalized want to say at least ten being force fed. brings us the latest now. as this hunger strike at the guantanamo bay detention center grows more dangerous spot of the day the international committee of the red cross has announced that they have sent a doctor and another delegate to the island prison a week earlier than planned because of concerns surrou

the leaders of the brics group convene in south africa the summit. new development bank expected to reshuffle the international financial scene. worldwide news live from the heart of moscow this is he with me thank you for joining us today. more than a thousand students have protested in all of this against the last ditch a bailout deal the government struck with its creditors on sunday high school and university students marched to the presidential palace in the cypriot capital chanting slogans and saying their future. as the chairman of the bank of cyprus the country's largest financial institution has resigned. in the mediterranean state remain closed until thursday to prevent. depositors with over one hundred thousand euros in two of the main could see about forty percent of the assets levied and that's of course to raise money for this bailout reporting now from nicosia. so this is like. the heart of the deal but cyprus sealed with its international creditors to get that ten billion euro bailout it needs and what will happen to this back essenti

got this going off air live from the bricks summit in durban south africa thank you . well i responded to the bric summit charles robinson the global chief economist of a renaissance capital he says the idea of the group's own bank comes as the result of the slow pace of change it established institutions the architecture of international finance who set up in the 1940's to reflect the reality then which is obviously american power the u.k.'s power and europe in general so there are changes happening to the i.m.f. and to the world bank but still we know that the head of these organizations is an american and is a european even though they've been a strong challenge i think the brics are saying they can't be bothered to wait any longer for the i.m.f. and world bank to change more dramatic you think of the start making changes on their own. well there's not been a total consensus and a completely friendly atmosphere between all participants of the matter as you can see right behind me now a south african guards nearly engaged in a brawl with russian president vladimir pu

set up a new global development back the so-called brics countries brazil russia india china south africa so institutions like the world bank and the international monetary fund aren't adapting fast enough to reflect their newfound clout are. reports from the summit in the south african city of durban. it's the final and most important day of the brics summit here in south africa on tuesday the delegations mostly met separately then today on wednesday brazil russia india china and south africa are all sitting down together to discuss the key issues and challenges facing the organization and there's lots to talk about like the future of establishment of a joint development bank possibly with a starter capital of around fifty billion dollars also after last year said bric summit in new delhi when the five partners decided to conduct all of the payments between each other in their national currencies to protect their economies from things like currency wars or the consequences of the change of the dollar rate there is also an idea of forming a joint bank for international payments and also i