BRICS

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…

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,…

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 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…

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…

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…

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…

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…

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…

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…