The New Development Bank was agreed upon by BRICS leaders in 2013 to fund infrastructure projects in developing nations. It will be based in Shanghai, China and India will preside over its operations for the first six years. Google acquires a company only if it passes Larry Page's "toothbrush test" of being something someone would use daily that improves their life. Gideon Gono was the Governor of the Reserve Bank of Zimbabwe and received an Ig Nobel Prize in 2009 for introducing higher denomination banknotes to help Zimbabweans cope with high inflation.