Can BRICS reduce financial risk for developing countries?

As BRICS countries look to make greater use of local currencies, the New Development Bank is playing a growing role in this effort. It is helping developing countries finance projects and move money across borders. What's driving the change? How does local-currency lending actually work in practice? And to what extent can it help countries reduce financing and currency risk? Song Ruixin is joined by Dr. Zhou Mi, Senior Research Fellow with the Chinese Academy of International Trade and Economic Cooperation, Prof. Warwick Powell, Adjunct Professor at Queensland University of Technology, and Prof. Muhammad Ali Nasir, Professor of Economics at...