BRICS

25.10.2018

Saudi Arabia gets a friend in need – Russia

Saudi Arabia gets a friend in need – Russia

OCTOBER 22, 2018 BY M. K. BHADRAKUMAR It goes without saying that oil has been central to military power and economic life in modern history. Control of oil has been a key source of power and policy in the Cold War. There… »

06.08.2018

China hopes emerging market economies, developing countries to enhance cooperation

China hopes emerging market economies, developing countries to enhance cooperation

Press briefing by Chinese Foreign Ministry in progress “Since the trends of unilateralism and trade protectionism are on the rise, it is necessary to deepen solidarity and cooperation between emerging market countries and developing countries to oppose unilateralism and protectionism, to achieve inclusive growth and sustainable development, and to enhance… »

06.05.2018

The Quest for Order in a Time of Chaos

The Quest for Order in a Time of Chaos

Viewpoint by Boaventura de Sousa Santos* COIMBRA, Portugal (IDN) – The bombing of Syrian sites where chemical weapons are supposedly being manufactured or stocked, allegedly to be used by the Bashar al-Assad government against rebels, has left citizens all over the world in a state of confusion, filled with a… »

27.04.2016

China, Russia & India unite against US intervention in Asia Pacific

China, Russia & India unite against US intervention in Asia Pacific

The statement cautions against the internationalization of the disputes By Ankit Panda, www.thediplomat.com Two days ago, in Moscow, the foreign ministers of India, Russia, and China released a joint communique outlining areas of trilateral agreement between the three countries. As I discussed in The Diplomat, the… »

17.07.2014

BRICS Build New Architecture for Financial Democracy

BRICS Build New Architecture for Financial Democracy

By Mario Osava FORTALEZA, Brazil, Jul 16 2014 (IPS) – The BRICS alliance (Brazil, Russia, India, China and South Africa) launched the New Development Bank (NDB) and Contingency Reserve Arrangement (CRA) during its sixth summit, institutionalising a new financial architecture for the emerging powers. »

17.07.2014

BRICS Countries Launch Development Bank Alternative to U.S.-Dominated System

BRICS Countries Launch Development Bank Alternative to U.S.-Dominated System

A group of five countries have launched their own development bank to challenge the U.S.-dominated World Bank and International Monetary Fund. Leaders from the so-called BRICS countries — Brazil, Russia, India, China and South Africa — unveiled the New Development Bank at a summit in the Brazilian city of Fortaleza. »

15.07.2014

BRICS Presidents Begin Crucial Summit in Brazil

BRICS Presidents Begin Crucial Summit in Brazil

Fortaleza, Brazil, Jul 15 (Prensa Latina) The presidents of the country members of BRICS (Brazil, Russia, India, China and South Africa) began here today its Sixth Summit, to design new financial structures: a Development Bank and a Reserve Fund. Shortly before beginning the meeting, Head of State Dilma Rousseff welcomed… »

04.04.2013

BRICS Summit draws clear red lines on Syria, Iran

BRICS Summit draws clear red lines on Syria, Iran

The BRICS just became impossible to ignore.  At the close of the Fifth annual BRICS Summit in Durban, South Africa last week, there was little question that this group of five fast-growing economies was underwriting an overhaul of the global economic and political order. Sharmine Narwani The eThekwini Declaration issued at summit’s… »

27.03.2013

Statement by BRICS Leaders on the establishment of the BRICS-Led Development Bank

Statement by BRICS Leaders on the establishment of the BRICS-Led Development Bank

We, the Leaders of Brazil, Russia, India, China and South Africa met on the occasion of the Fifth BRICS Summit on 27 March 2013 in eThekwini, KwaZulu-Natal. We considered that developing countries face challenges of infrastructure development due to insufficient long-term financing and foreign direct investment, especially investment in capital… »

26.03.2013

New BRICS bank to rival World Bank, IMF

New BRICS bank to rival World Bank, IMF

The BRICS group of emerging economies has unveiled a new development bank, which is aimed at breaking the monopoly held by Western-backed institutions. “It’s done,” said Pravin Gordhan, South African Finance Minister, on Tuesday, adding that “we made very good progress” on the formation of a World Bank-analogue development agency. »

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