BRICS News Digest for the previous week



BRICS News Digest for the previous week

We tell you what happened in the five countries during the week

In 2024, BRICS leaders will consider options for a unified payment system of the alliance

Russia, as BRICS chair, will organise their thorough consideration

Russia expects that next year the heads of BRICS member states will be presented with recommendations on alternative payment systems. This was stated by Russian Foreign Minister Sergei Lavrov, speaking at the Primakov Readings forum.

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Brazilian Senate approves Bolivia’s accession to Mercosur

A working group will now be set up with representatives of the four member countries to draw up a timetable for the country’s accession under all Mercosur rules

The Brazilian Senate has approved a bill confirming Bolivia’s entry into the sub-regional South American trade and economic association (MERCOSUR), which the South American giant belongs to along with Argentina, Uruguay and Paraguay. 

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Russia and Iran assess prospects for co-operation in pharmaceuticals and nanotechnologies

In addition, the parties will consider the development of scientific and educational exchanges

Russian presidential aide Andrei Fursenko has said that the most promising areas between Russia and Iran in the field of science are pharmaceuticals and nanotechnology.

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Draupadi Murmu: Indian port infrastructure needs to be further strengthened

According to the President of India, maritime trade plays an important role in the country’s trade and economic development

Indian President Draupadi Murmu spoke at an event organised by the Paradip Port Authority, where she expressed the need to strengthen infrastructure and make Indian ports more efficient in line with global standards.

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Hangzhou named China’s most livable city in 2023

The city with its three UNESCO World Heritage Sites and 52 museums has become a significant cultural centre

Hangzhou, capital of East China’s Zhejiang Province, has been recognised as China’s most livable city at the China Happy City Forum 2023.

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South African delegation to COP28 to be led by Cyril Ramaphosa

The delegation will seek to build momentum on global commitments to support African countries in managing climate risks

Investment and finance for South Africa to reduce carbon emissions will be the focus of a South African delegation travelling to the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in the United Arab Emirates later this week. 

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The Board of Directors of NDB BRICS held its 42nd meeting in the UAE

At the meeting, the Board considered a number of important issues including project approval, financing and strategy for 2024

The Board approved a loan of up to $500 million to the Republic of India for the Gujarat Rural Roads Development Programme.

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Saudi Arabia steps up investment in Egypt’s agricultural sector

Egypt’s Minister of Agriculture held a meeting with Saudi Arabian investors

Elsayed Elkosayer, the Minister of Agriculture, held a meeting with a delegation of Saudi businessmen and investors from Saudi Arabia, led by Anwar bin Hasusah, Commercial Attache in Cairo. 

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