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Alliance News

Moscow invites Greece to join development bank

Tue, 12th May 2015 09:48

Athens (dpa-AFX) - Russia has invited Greece to take part in a development bank for the so-called BRICS nations (Brazil, Russia, India, China and South Africa), a statement from the office of Prime Minister Alexis Tsipras said on Tuesday.

Tsipras is due to discuss the move with Russian representatives of the bank when he travels to an economic forum in St Petersburg on June 18, government sources said.

Business media in Greece expressed doubts that the financially troubled nation could take part in the bank.

The BRICS New Development Bank was founded in 2014 as an alternative to the World Bank and International Monetary Fund.

Copyright dpa

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