BRICS

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. »

16.03.2013

BRICS to create their own bank to rid themselves of the US dollar

BRICS to create their own bank to rid themselves of the US dollar

The countries of the BRICS group (Brazil, Russia, India, China and South Africa) are planning to create their own Development Bank at the end of March with the goal of investing in internal, sustainable infrastructure and development projects without having to resort to the US dollar. The initial capital for… »

28.01.2013

Russia and China: Arms around the Middle East

Russia and China: Arms around the Middle East

Russia and China have drawn a great deal of censure this past year for resisting UN Security Council resolutions to intervene in the domestic affairs of Syria and Iran. Why, many ask, would this duo leverage their growing global political clout for two Mideast states that have been so actively… »

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