Chinese President Xi Jinping will attend the 16th BRICS Summit on Oct. 22-24 in the Russian city of Kazan at the invitation of Russian President Vladimir Putin. BRICS is an acronym for Brazil, Russia, India, China, and South Africa, five major emerging markets with considerable economic potential. It has now evolved into an influential international cooperation mechanism with an expanded membership. Over the past 18 years, China has upheld the BRICS spirit of openness, inclusiveness, and win-win cooperation and helped…

The New BRICS Development Bank (NDB) is set to launch payments in local currencies to invest in the private sector of the economies of the grouping’s member states, according to a statement by the financial institution’s president Dilma Rousseff. This is reported by Brasil 247, a partner of TV BRICS. The NDB director identified three main areas of focus for the bank in the coming years: sustainable development and technology transfer. The second is the expansion of the bank’s activities in…

The New Development Bank (NDB) is holding its ninth annual meeting in Cape Town at the Cape Town International Convention Centre, South Africa, from August 29 to 31, 2024. The theme of the meeting is “Investing in a Sustainable Future.” The NDB Gathering is an important event for developing countries to discuss key sustainability issues and attract investment in green projects. The event brings together representatives from governments, the private sector, civil society, and other development institutions to discuss ways…

Brazilian President Luiz Inacio Lula da Silva has defended the creation of a bank for South American countries that would be an alternative to the World Bank. This is reported by Brasil 247, a partner of TV BRICS. “We can create something of our own that matches our vision of important issues” Brazilian President Luiz Inacio Lula da Silva Brazil’s political and business leaders must take the initiative to help South America’s economic growth, the head of state said. Lula…

The Asian Infrastructure Investment Bank (AIIB) is ready to provide a large amount of funds to stimulate Brazil’s economic and social development. This was announced by the bank’s president Jin Liqun at a meeting with Brazilian President Luiz Inacio Lula da Silva. BRICS Bank President Dilma Rousseff and Finance Minister Fernando Haddad also took part in the discussions. An AIIB spokesman said the bank has already developed three projects for Brazil worth US$350 million. President Jin Liqun said the meeting…

Russia took the rotating presidency of the BRICS group in 2024. Yury Ushakov, Russian presidential foreign policy aide, has granted TASS an interview in which he previewed Moscow’s priorities, prospects for BRICS development and expansion, and commented on the West’s attempts to impede the association’s activities. Question: While speaking about the priorities of Russia’s BRICS Presidency, Vladimir Putin mentioned the development of economic partnership, cooperation in science and innovation, security and counter-terrorism, culture and sports. How do you prioritize these…

The BRICS Chamber of Commerce and Industry has opened an office in the UAE, reports ANI, a partner of TV BRICS. “The opening of the UAE chapter is more than just an event. It shows a commitment to unprecedented co-operation and prosperity within the alliance. It is a step for the development of economic diplomacy in the UAE,”  said Ansh Virmani, Director of the BRICS Chamber of Commerce and Industry UAE Chapter. BRICS CCI Vice Chairman Sameep Shastri assured of the organisation’s…

The first day of the BRICS Sherpas and Sous-Sherpas meeting, organised by Russia as the group’s chairman, was held in Moscow. Representatives of the five new members of the association: Egypt, Iran, UAE, Saudi Arabia, Ethiopia and Egypt are taking part in it for the first time. One of the priorities of BRICS activities in 2024, Russia declared harmonious inclusion of the debutants in the common work. Now these plans are being put into practice. Traditionally, the Sherpas gather to reconcile…

Finance Minister Mohamed Maait held a meeting with Vladimir Kazbekov, Deputy President of the BRICS New Development Bank (NDB), and his accompanying delegation. They discussed projects related to clean energy, transport, social and environmental protection. During the meeting, Maait expressed his intention to issue bonds in local currencies in NDB member countries. He emphasised that Egypt seeks a strategic and sustainable partnership with the BRICS bank. This is reported by Daily News Egypt, a partner of TV BRICS. Maait highlighted…

The upcoming BRICS Summit in Johannesburg next month is important for South Africa, the African continent and the global south. The gathering of the world’s major developing countries is expected to discuss a common currency and admit or agree on criteria to admit new members.  Countries which have either applied or lined up to join the global South economic alliance include regional powers such as Saudi Arabia, Egypt, Argentina, Iran, the United Arab Emirates, Nigeria, Pakistan, Mexico, Algeria and Senegal. Formed…