... platform for transforming the current system of global governance in the direction of greater openness and inclusiveness. All BRICS countries are present in all of the main regions of the Global South; they have created new institutions such as [the New Development Bank] that prioritize sustainable development and greater cooperation along the South-South axis.
While there may be occasional difficulties and disagreements among members, the overall track-record of BRICS cooperation provides a firm ...
... recommendations drafted at the scheduled meeting of the
Goa BRICS Academic Forum in September
were brought to the attention of the heads of state.
What changes did take place in a little over a year between Russia’s and India’s summits? First, the New Development Bank BRICS (NDB BRICS)
was launched
. The bank invested in the first “clean energy” projects in the member states, one project per state. In Russia, this is the
construction of a hydroelectric power plant in Karelia
. The ...
New Development Bank and the Reserve Currency Pool
Many observers see the establishment of the New Development Bank (NDB) and the Reserve Currency Pool as a BRICS-led challenge to the International Monetary Fund and the World Bank, while the emergence ...
... CNN, due to the European and American preoccupation with the Greek crisis. Nevertheless, the Summit marked a significant move forward in terms of materializing ideas into tangible action plans. The recently published ‘MOU on Cooperation with the New Development Bank’ is one of the key examples that illustrate the intensified collaboration.
Due to the persistence of stories in academic articles with respect to BRICS as a new actor in the arena of global governance, the following does apply: ...
... of a universal organisation.
Furthermore, it should be mentioned that the BRICS are among those leading the way to the creation of a new international financial framework. At the 7th BRICS Summit in Ufa the long and tedious creation process of the New development Bank as well as the BRICS Contingent Reserve Arrangement finally came to an end. Agreements ratified and documents signed, these new enlightened financial institutes, who are to be governed by the principal of absolute equality, are due ...
... College, and Professor
Arun Mohanty
, Chairperson of the Centre for Russian and Central Asian Studies, Jawaharlal Nehru University to share their impressions about the results of the BRICS summit and to express their attitude towards the creation of the New Development Bank, BRICS membership expansion and strengthening of the influence of this organization in the world.
Debasish Nandy:
It is very too early to comment regarding the role of BRICS controlling the world economy and international relations
...
