The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Tuesday, July 19, 2016
New Development Bank Successfully Issued First RMB-denominated Green Financial Bond
The New Development Bank is pleased to announce that on 18 July 2016 it successfully issued its first Green Financial Bond with issue size of RMB 3 billion, tenor of 5 years in the China Interbank Bond Market
Perhaps the most active and relevant activity that BRICS actually does is to tackle the huge menace of drugs and narcotics smuggling worldwide. BRICS has been called a “talking shop of fading relevance,” but the initiative against drugs can bring it back centre-stage
As India moves towards use of its primary natural resource – sunlight – to generate solar energy to diversify the country’s energy basket and boost economic growth, Russian technologies and expertise are finding their way into this young but rapidly growing market