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We need to adjust our economic structure, achieve development of better quality, build closer economic partnership, boost the building of an open world economy and establish a global development partnership
Monday, April 1, 2024
China Is on Pace to Buy a Record Amount of Russian Oil This Month
China's intake of Russian crude is set to reach a record this month, Kpler data cited by Bloomberg shows
With the BRICS forum, Ethiopia got a new platform for cooperating with member states on specialised issues like finance, technology and global governance matters, which also positively enhances trust among the members states; Ethiopia is due to benefit substantially over time, writes Dareskedar Taye, Lead Researcher at the Institute of Foreign Affairs, Ethiopia
The creation of new financial mechanisms through BRICS is one of the most promising fields for the development of the association. In the final declaration of the BRICS countries after the 2023 Summit, financial policy was given quite a lot of attention. In particular, it was stated that the BRICS Payment Task Force (BPTF) needs to prepare a report on payment mechanisms, including those based on cross-border payment systems
Many countries are vying for admission to the BRICS economic group backed by China and Russia, South African Foreign Minister Naledi Pandor
BRICS doubled its membership at the start of 2024, and faces huge tasks ahead: integrating its newest members, developing future admission criteria, deepening the institution's groundings, and most importantly, launching the mechanisms for bypassing the US dollar in international finance
A Sino-Russian joint research lab on Siberian tiger conservation was established at Northeast Forestry University in northeast China's Heilongjiang Province
Sammy Kotwani, says despite those challenges mentioned above, there are also many reasons to be optimistic about the prospects for BRICS+ and the Global South collaboration