Thu, Aug 24, 2023
The grouping also called for Multilateral Development Banks (MDBs) to continue implementing the recommendations which should be voluntary within MDBs governance frameworks, from the G20 Independent Review Report on MDBs Capital Adequacy Frameworks to increase their lending capacities, while safeguarding MDBs long-term financial stability, robust creditor rating, and preferred creditor status.
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Brazil's President Luiz Inacio Lula da Silva has proposed the creation of a common currency among BRICS nations to mitigate the impact of fluctuations in the US dollar exchange rate. While the idea of a unified currency has potential benefits, its implementation faces significant challenges.
Leaders from Brazil, Russia, India, China and South Africa (BRICS) supported the expansion of the grouping, the first such expansion since 2010 when South Africa was inducted into the group.
Wed, Aug 23, 2023
On the second day of the 15th BRICS Summit, Prime Minister Narendra Modi on Wednesday is scheduled to hold a bilateral meeting with South African President Cyril Ramaphosa, later PM Modi is scheduled to attend plenary sessions in Johannesburg.
Tue, Aug 22, 2023
PM Modi said that the BRICS Summit will provide a useful opportunity for BRICS to identify future areas of cooperation and review institutional development.
PM Modi on the tour of South Africa, will be involved in the 15th BRICS Summit. Suspense on meeting Chinese President Jinping.
Prime Minister Narendra Modi is visiting South Africa to attend the 15th BRICS Summit. This is his third visit to South Africa and the trip marks the 30th anniversary of the diplomatic relationship between India and South Africa. He will also travel to Greece next, where he will hold a meeting with his Greek counterpart Kyriakos Mitsotakis.
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