BRICS News Digest for the previous week

Argentina will not join BRICS on 1 January 2024

The country’s president has notified members of the alliance of his country’s refusal to join the grouping

Argentine President Javier Milei has officially notified the BRICS members that his country will not join the alliance. 

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Brazil’s central bank plans to cut its key interest rate in early 2024

In its quarterly report, the central bank projected inflation to fall from 5 per cent to 4.6 per cent

Brazil’s benchmark interest rate will be cut twice by 0.5 percentage points early next year, the country’s authorities said. 

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Russia seeks to consolidate the BRICS group at the next summit

More than 200 events on political, economic and social topics will be held in Russia ahead of the BRICS leaders’ summit

Russia intends to consolidate the BRICS group by the October 2024 summit in Kazan, Russian Foreign Minister Sergey Lavrov said.

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Leaders of India and Brazil wish their countries’ people a Merry Christmas

Every year on 25 December, Christians celebrate Christmas in many countries of the world

On Monday, 25 December, Indian Prime Minister Narendra Modi congratulated the people of India on Christmas and wished peace and prosperity to all.

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Russia sets new historical record for daily gas supplies to China

The supply volumes were increased in accordance with Beijing’s updated request

The Russian energy giant says it has reached a new record for daily gas supplies to China via the Power of Siberia pipeline.

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China praised the inclusion of the Spring Festival as a UN holiday

In its resolution, the UN General Assembly recognised the importance of the holiday, which is celebrated by many member states

China has praised the inclusion of the Spring Festival, or Chinese New Year, as a UN holiday.

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Tourism Private Equity Fund launched in South Africa

It will ensure the transformation and growth of the tourism business

The South African Department of Tourism and SEFA, an agency within the Department of Small Business Development, have announced the launch of the Tourism Equity Fund (TEF).

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Sergey Lavrov: Russia and India are reliable partners

The foreign ministers of the Russian Federation and the South Asian country met in the Russian capital

Russian Foreign Minister Sergey Lavrov and his Indian counterpart Subrahmanyam Jaishankar met in Moscow on Wednesday, 27 December.

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