BRICS to meet during G20 Summit in Brisbane

November 7, 2014

2012: What's the 'real' truth?

November 7, 2014, 6:35 am

Mutual trade among the BRICS almost doubled in the 5 years to 2013 to reach $300 billion [PPIO]

The leaders of the BRICS states (Brazil, Russia, India, China, South Africa) will meet on the sidelines of a G20 summit in Brisbane, Australia later this month to further boost political and economic ties between the group.

BRICS Presidents Xi Jinping, Vladimir Putin, Dilma Rousseff, Jacob Zuma and Prime Minister Narendra Modi will meet to eke out a strategy of cooperating within the framework of the G20 which is being held from November 15 to 16.

The five leaders will discuss developing agreements aimed at accelerating global economic growth and reiterate demands for one of the most difficult problems in global governance: IMF reforms.

Earlier this year in the Brazilian city of Fortaleza, BRICS heads of state agreed to establish a $100 billion New Development Bank (NDB) at their summit meeting, with severe implications for the global development-finance landscape.

The fiveā€¦

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