国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / View

BRICS bank should help the poor

By Kevin May (China Daily) Updated: 2014-07-23 07:37

At their summit in Fortaleza, Brazil, last week, the leaders of BRICS (Brazil, Russia, India, China and South Africa) announced the details of the much anticipated "New Development Bank", which will be headquartered in Shanghai and have an initial subscribed capital of $50 billion, and the $100-billion Currency Reserve Arrangement.

The idea of a BRICS development bank, to serve as a counterweight to the traditional donor countries and the US-EU led financial institutions like the World Bank and the International Monetary Fund, was first mooted at the 2012 BRICS summit in New Delhi.

At the Durban summit in South Africa last year, the BRICS member states announced their intent to launch the bank in 2014. Little else was revealed to the international community other than an agreed focus on "mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries", and in a manner that will "supplement the existing efforts of multilateral and regional financial institutions for global growth and development".

This matters. The BRICS bloc has a special responsibility to help the world achieve its goal of ending extreme poverty, reducing inequality and achieving sustainable development, as its member states collectively face some of the world's greatest challenges and have made great achievements in these areas. Despite the remarkable strides taken by China, Brazil and India to reduce poverty, BRICS countries are home to nearly half the world's poor and, with the exception of Brazil, have experienced a rise in inequality in recent years.

Oxfam believes that the creation of a development bank offers a real and concrete opportunity for the governments of BRICS countries to ensure that development financing is sensitive to the needs of the poorest and the most marginalized. Besides the potential for extra resources for development financing, the new bank could pave the way for a more democratic global development architecture.

BRICS bank should help the poor BRICS bank should help the poor
BRICS bank to be headquartered in Shanghai 
BRICS leaders hail outcome of first-day summit 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
万年县| 错那县| 凤阳县| 阿坝| 永福县| 龙江县| 凤冈县| 灌南县| 水富县| 淳安县| 剑川县| 铁力市| 荔浦县| 达拉特旗| 咸阳市| 九台市| 广宁县| 新营市| 海宁市| 揭东县| 武功县| 扎赉特旗| 滨州市| 马尔康县| 大同县| 连云港市| 罗田县| 遵义县| 乌什县| 台南市| 闸北区| 石台县| 伊川县| 宁陵县| 吉首市| 巧家县| 白河县| 古浪县| 共和县| 皋兰县| 香格里拉县|