The 15th BRICS (Brazil, Russia, India, China and South Africa) Summit in South Africa promised to be the event of the year from the day it was announced. Global media was awash with analysis of the popularity of the BRICS Plus format. Dozens of countries applied to participate in the summit. Even French ...
... cooperation among the regional integration blocks of BRICS economies. In the same year he also advanced the R5 initiative that targeted greater use of BRICS national currencies and the creation of a common BRICS reserve currency.
Dr. Lissovolik, this year South Africa holds the chair in the BRICS block and it has declared that its main priority is the closer cooperation between Africa and the BRICS alliance. What do you think the BRICS economies can do to support African development?
In my view the best contribution that the BRICS can deliver ...
... Africa in order for the block to follow the route of greater openness, inclusiveness and growth
In 2023 South Africa is chairing the BRICS grouping and has declared that it intends to work towards closer BRICS-Africa partnership. As a member of the BRICS core South Africa has been among the most active proponents of advancing BRICS as an open platform that reaches out to Africa and the rest of the developing world via the BRICS+ format. Today it is impossible to imagine a BRICS grouping on the international ...
... African Union, of all the Global South regions, achieved significant results in consolidating the pan-continental agenda and in building interactions with regional blocs formed by developed states (primarily the EU) and by the developing world. In 2023, South Africa will assume presidency in BRICS, and in 2025, the chairmanship in G20. It is possible that in the nearest future, it is Africa and the African Union that will be able to play the key role in transforming the global agenda of the North and the South along the lines of resolving ...
... India continue to vie with each other as leaders of economic growth, while Brazil, South Africa and Russia have witnessed a systemic crisis since the mid-2010s, when the fall in GDP alternates with stagnant growth. Economic difficulties in Brazil and South Africa have led to a change of elites. The new leaders have sought to critically rethink their goals and priorities in unification. However, today BRICS is no longer a club of growth leaders, and the ability of the candidate countries to effectively participate in solving the most acute current problems facing the developing world — the energy and food crises — is coming to the fore. In many ...
... February 2020, South Africa—the only nation of all the members of the UN Security Council—supported Russia and
opposed
the British draft resolution, which was supposed to approve the results of the Berlin conference on Libya.
Views on crisis of other South African parties
Yaroslav Lissovolik:
Can BRICS Underpin a New World Order?
At the same time, not all political forces in South Africa agree with the country’s leadership. The ANC-led South African government essentially wanted to remain equidistant from both Russia and Ukraine, and it refused ...
... world (the Africa-South America Summit or the Forum of East Asia-Latin America Cooperation), where the country could take the lead.
Brazil confronted serious political and economic crises in the mid-2010s, which could not but affect the dynamics of BRICS as a whole, a trend coupled with economic slowdowns in Russia and South Africa. Many economists have noted that the key challenge for the Brazilian economy at the time was the low productivity, which could be solved by a serious modernization, including through attracting FDI in technology. The new elites, upon coming ...
... are closer than they appear.” In other words, China may also be a subject to sanctions at one point partially or fully.
Tristan Kenderdine:
US–Iran Conflict Would Strengthen China’s Position in the Middle East
China, Russia, India, Brazil, and South Africa are the founding members of the
New Development Bank
. NDB’s 2017–2021 general strategy clearly highlights the bank’s commitment and intention to be new in three areas: 1) new relationships; 2) new projects and instruments; 3) new ...
... inclusive and sustainable development, “the fourth industrial revolution,” and Africa’s special role in the context of South Africa’s claim to leadership on the continent. On the other hand, each party received some working mechanisms and initiatives ... ... distributed ledgers and blockchain; agreements on civil aviation or environmental issues; and opening a new regional office of the BRICS Development Bank in the Western Hemisphere.
Methodologically, BRICS is analogous to the tried and tested G7 mechanism that ...
... dynamically developing region of the planet which plays a key role in world mineral and hydrocarbon markets, a broad and rapid-growing consumer market, and one of the most attractive investment areas.
BRICS-Africa Partnership that was launched during South Africa's 2013 BRICS Chairship is steadily developing. During the Johannesburg Summit a special outreach session will be held with the participation of the heads of States presiding over regional organizations of the continent in order to focus on its most relevant ...