the borrowing country must pay a predetermined interest rate in dollars to the lending countries. The capital of $100 billion is distributed as follows: The maximum access states can request from the Arrangement is half (China) to twice (South Africa) the amount of capital contributed.

The arrangement is scheduled to start lending in 2016.

In the years following its establishment, the CRA has continued to evolve as part of the BRICS' broader financial cooperation agenda. In 2020, BRICS finance ministers agreed to strengthen coordination

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