The BRICS mechanism plays a key role in promoting cooperation among developing countries and emerging markets against the background of global geopolitical turmoil, said a UN senior economist. The BRICS countries have become an important force in the world economic landscape, and their development experience is worth learning for the Global South countries, said Liang Guoyong, a senior economist with the United Nations Conference on Trade and Development, in a written interview with Xinhua. Cooperation in various fields among the…

BRICS has provided more funding options to support development in emerging economies and strengthened the voices of the Global South in international relations, said a South African expert. Emmanuel Matambo, research director of the Center for Africa-China Studies at the University of Johannesburg, made the remarks during a recent interview with Xinhua. Economically, Matambo noted, BRICS has provided alternative funding options for emerging markets and developing countries, allowing them to address issues like infrastructure development, energy crises, and climate change.…

Chinese President Xi Jinping on Wednesday called on BRICS countries to work for high-quality development of greater BRICS cooperation. Xi made the remarks when addressing the 16th BRICS Summit held in Kazan, Russia. Russian President Vladimir Putin chaired the summit, which was also attended by Egyptian President Abdel-Fattah al-Sisi, Ethiopian Prime Minister Abiy Ahmed, Indian Prime Minister Narendra Modi, Iranian President Masoud Pezeshkian, South African President Cyril Ramaphosa, the United Arab Emirates’ President Sheikh Mohamed bin Zayed Al Nahyan. Brazilian…

The New Development Bank serves as a significant platform for international cooperation that transcends the territorial boundaries, said Dilma Rousseff, president of the bank. The BRICS countries are powerful economies with great potential and capacity for growth, Dilma Rousseff, president of the New Development Bank (NDB), has told Xinhua. “Measured by GDP, the BRICS countries have already surpassed the G7 in importance,” said the former Brazilian president. BRICS is an acronym for Brazil, Russia, India, China, and South Africa, five…

The BRICS summit in Kazan will be attended by representatives of 36 countries and 6 international organisations. This was announced by Russian Presidential Aide Yury Ushakov at a briefing on 21 October. He said that the meeting of delegations of the BRICS countries will be held on 22 October. It will start with an informal lunch in the Kazan City Hall, and in the morning of 23 October a meeting of the BRICS member states will be held. “It is…

Chinese President Xi Jinping will attend the 16th BRICS Summit on Oct. 22-24 in the Russian city of Kazan at the invitation of Russian President Vladimir Putin. BRICS is an acronym for Brazil, Russia, India, China, and South Africa, five major emerging markets with considerable economic potential. It has now evolved into an influential international cooperation mechanism with an expanded membership. Over the past 18 years, China has upheld the BRICS spirit of openness, inclusiveness, and win-win cooperation and helped…

The New BRICS Development Bank (NDB) is set to launch payments in local currencies to invest in the private sector of the economies of the grouping’s member states, according to a statement by the financial institution’s president Dilma Rousseff. This is reported by Brasil 247, a partner of TV BRICS. The NDB director identified three main areas of focus for the bank in the coming years: sustainable development and technology transfer. The second is the expansion of the bank’s activities in…

Brazilian President Luiz Inacio Lula da Silva has defended the creation of a bank for South American countries that would be an alternative to the World Bank. This is reported by Brasil 247, a partner of TV BRICS. “We can create something of our own that matches our vision of important issues” Brazilian President Luiz Inacio Lula da Silva Brazil’s political and business leaders must take the initiative to help South America’s economic growth, the head of state said. Lula…

The Asian Infrastructure Investment Bank (AIIB) is ready to provide a large amount of funds to stimulate Brazil’s economic and social development. This was announced by the bank’s president Jin Liqun at a meeting with Brazilian President Luiz Inacio Lula da Silva. BRICS Bank President Dilma Rousseff and Finance Minister Fernando Haddad also took part in the discussions. An AIIB spokesman said the bank has already developed three projects for Brazil worth US$350 million. President Jin Liqun said the meeting…

Russia took the rotating presidency of the BRICS group in 2024. Yury Ushakov, Russian presidential foreign policy aide, has granted TASS an interview in which he previewed Moscow’s priorities, prospects for BRICS development and expansion, and commented on the West’s attempts to impede the association’s activities. Question: While speaking about the priorities of Russia’s BRICS Presidency, Vladimir Putin mentioned the development of economic partnership, cooperation in science and innovation, security and counter-terrorism, culture and sports. How do you prioritize these…