Russian Prime Minister Mishustin said the developing BRICS bank has potential as the organization's share of global GDP grows to 40%.
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Russian Prime Minister Mikhail Mishustin advocated for transforming the BRICS New Development Bank into an international innovation bank. According to the government chief, BRICS's share of global GDP has already reached 40%, which creates a foundation for expanding the functions of the financial institution. Mishustin's proposal is aimed at strengthening the investment capacity of the alliance of developing countries amid the transformation of the global economic order.