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  1. 13 hours ago · The organization promotes economic development and regional integration. [5] It launched the South Asian Free Trade Area in 2006. [6] SAARC maintains permanent diplomatic relations at the United Nations as an observer and has developed links with multilateral entities, including the European Union.

  2. en.wikipedia.org › wiki › BRICSBRICS - Wikipedia

    13 hours ago · In July 2014, during the sixth BRICS summit in Fortaleza, the BRICS signed the document to create the US$100 billion New Development Bank (formerly known as the "BRICS Development Bank") and a reserve currency pool worth over another US$100 billion.

  3. 13 hours ago · China's central bank announced Thursday that it has decided to set up Securities, Funds and Insurance companies Swap Facility (SFISF), with the initial scale of 500 billion yuan ($71 billion) for ...

  4. 13 hours ago · The SFISF, which is the first monetary policy tool created by China to support the capital market, will allow eligible securities, funds and insurance companies to use their assets including bonds, stock ETFs and holdings in constituents of the CSI 300 Index as collateral in exchange for highly liquid assets such as treasury bonds ...