... banks — for example, the World Bank — and start to operate in new areas, such as insurance and arbitration services.
Parallel initiatives can also help to improve the bank’s work. For example, the Russian Direct Investment Fund (RDIF), China’s Silk Road fund, Brazil’s BTG Pactual, South Africa’s DMSA and India’s IDFC all signed an agreement at the BRICS Summit in Ufa on joint investment and infrastructure projects. It is expected that the funds will be used on a bilateral basis with a focus on investment projects and capital shares,
rather than on debt financing
. This will increase shareholders’ ...
... bringing together representatives of 39 Confucius Institutes in Africa
[14]
. The “African Talents” programme has produced 30,000 specialists. Researcher exchanges and joint research projects are also being carried out.
India Catching Up with China
The second most important partner for Africa from among the BRICS countries is India. In 2012–2013, trade turnover between India and African countries reached $70.25 billion;
[15]
in 2015, that figure was $90–100 billion
[16]
. Indian companies generally focus on toil and gas resources. In 2014, the Indian state oil ...
... economic positions, India and Brazil do not feel that the current structure of the UN Security Council adequately reflects contemporary reality. Their concern stems from the fact that they must rely on Russia and China to represent the interests of the BRICS countries at the Security Council. China does not want to grant India equal status and has suggested alternative methods for expanding the Security Council without giving new members the right to veto. For New Delhi, this option is unacceptable, as it sees the right to veto as a key element of permanent Security Council ...
... Brasilia in March and launch a manifesto designed to make the group a key player in the global food security regime. But they did. Now the world is waiting.
From a moral and business ethics perspective the effort makes sense and can add value to the BRICS brand.
But success depends on China, India and Brazil, who are impacted by drought and infrastructure problems that step on their economic performance. And Russia is dealing with a sanctions regime that includes food, orchestrated by Washington and its European allies.
BRICS food security....
... concerned mostly with economic development and prosperity.
The rich potential of joint growth of Asian countries – from India to Japan and from China to Indonesia – is the subject of a study done by Timofei Bordachev, Anastasia Likhacheva and Zhang Xin. China’s ... ... “islandness” by launching an ambitious westward project.
Georgy Toloraya takes a broader look by trying to figure out how the BRICS, a forum where Russia and China work closely together, can be turned into a platform for establishing new principles of ...
... Nippon Sumitomo, South Korea's Posco and the two major American steel producers, Nucor and U.S. Steel.
The two major American producers generated $37.4 billion (27 billion Euros) in revenue from steel during the first 10 months of 2013. Other BRICS, Brazil, China and India, each generated roughly half that amount. Draw your own conclusions, regardless whether they are driven by emotions or realpolitik;)
Reminder: once again, if you find more current, or more accurate statistics, feel free to post them (or a link) ...
... Islamists and aggravate the threat already posed by the expanding movement.
The Beijing meeting of Russian, Chinese and Indian foreign ministers once again proved the need for a variety of non-antagonistic approaches to global interaction. Russia and China supported India’s aspirations to join APEC, and BRICS definitely retains its role alongside the Russia-China-India trilateral format. Both Russia and China would also like to see India become a full member of the Shanghai Cooperation Organization.
The next ministerial meeting will be held in Russia ...
The Glacier of Discord
The development of the political dialogue between China and India has been impeded by the frozen border conflict that could escalate into a major clash. But we should not exaggerate the threat of military confrontation between Beijing and Delhi, since their strategic interests are so far in sync.
This year India ...
With leaders of the BRICS group gathering in Brazil to discuss socially inclusive growth and sustainable ... ... is more than the 1.4 million Emirati citizens who occupy the United Arab Emirates.
India, with the largest Islamic population among the BRICS, shares porous borders with... ... the Kingdom of Saudi Arabia still do business? Yes.
A similar situation exists in China, where the government of Xi Jinping continues the policy of selling weapons and...
... the new Edelman Trust Barometer study by Holdheim amps up Russia’s mistrust for the government of president Vladimir Putin and has the hubris to remove South Africa from the BRICS grouping altogether. Does that sound political to you? Should the BRICS issue a response? Did South Africa leave the group?
Grouping Brazil, Russia, India and China together, the study claims that “excluding China, they (the BRICs) exhibit the highest degree of trust in business as institution (Brazil 70 percent, Russia 45 percent and India 79 percent).”
China is excluded because the gap in the ...
