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type="graphical" xml:id="gpol12167-abs-0002"> <p>The most fundamental challenge in launching the bank likely resides in the fact that, if the BRICS follow an approach similar to the World Bank's, the new BRICS bank will need to borrow from global capital markets by issuing bonds.<blockFixed type="graphic" xml:id="gpol12167-blkfxd-0001"> <mediaResourceGroup> <mediaResource alt="image" href="urn:x-wiley:17585880:gpol12167:gpol12167-toc-0001"/> </mediaResourceGroup> </blockFixed>
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