摘要
The New Development Bank and other collaborations of BRICS show how pragmatism can overcome political differences.SOME people might be disappointed with the BRICS Summit held in June which produced no sensational news.Before that,U.S.President Joe Biden,with his Partnership for Global Infrastructure and Investment,announced a US$600 billion global infrastructure initiative guaranteed to grab all the headlines,but left behind the confu-sion about where all that money would come from.