New Development Bank mechanism "very fair": Rousseff

BEIJING, July 3 (Xinhua) -- The financial governance mechanism of the BRICS-led New Development Bank (NDB) is "very fair," Dilma Rousseff, the bank's president, has said.

The former Brazilian president said at the 11th World Peace Forum that no member has more financial resources than others in the BRICS bank. She explained that since the establishment of the bank, the shares of the five BRICS nations have been