ONE COUNTRY ONE VOTE

Unlike other international funding organisations which has special rights or veto power given to its founder members, the BRICS nations sets a great example of equality by giving equal rights and power to all of its member nations no matter whether country is small or big or powerful or weak. There is no provision for veto power or any other special rights for a particular country or a group of countries. All the countries own an equal number of shares though the amount of initial fund given by member nations is as per the capability of the nations. The initial total contingent reserve is expected to be $100 billion. However the fund to be supplied by different nations is as follows: CHINA - $41 BILLION INDIA - $18 BILLION BRAZIL - $18 BILLION RUSSIA - $18 BILLION SOUTH AFRICA - $ 5 BILLION