2. Proposed by BRICS Development Bank 20 12. The purpose is to build a financial safety net for BRICS countries, avoid being affected by currency instability in the next financial crisis since the US financial crisis, and use this pool of funds to exchange some foreign exchange for a rainy day.
The BRICS Development Bank mainly supports the infrastructure construction of BRICS countries and other developing countries, which is of great strategic significance to BRICS countries. The BRICS Development Bank is not only for the five BRICS countries, but also for all developing countries. As a member of the BRICS countries, it may be granted priority loan rights. The BRICS Development Bank gives priority to supporting infrastructure construction in BRICS countries.