The BRICS Bank, which was ratified at the 5th BRICS Summit at Durban, South Africa, must include the incubation of new public service delivery models in its mandate and simultaneously encourage the sharing of best practices across the developing world.
The establishment of a BRICS Development Bank will be among the prime topics of discussion at the BRICS Summit on March 26. Gateway House’s Akshay Mathur interviews former Indian Ambassador and Foreign Secretary, Shyam Saran, on the prospects and viability of alternate financial architectures.
Recently, Africa’s progressively improving economic statistics have fuelled a notion that the resource-rich continent is recovering from its woes and is headed towards development at a high pace. However, there are several reasons to believe otherwise.
A short analysis by Gateway House's Sambuddha Mitra Mustafi on why wooing the hawks is a self-defeating exercise for Pakistan's politicians.
The growing discontent of the emerging economies with the international financial institutions gave birth to the idea of a ‘BRICS Development Bank’. However, with considerable political and economic differences among the member countries, the idea remains elusive.
This bi-annual report includes features written exclusively (unless mentioned otherwise) for Gateway House: Indian Council on Global Relations by various contributors, and Gateway House staff, from January-July 2012.
The propensity of Africa’s leaders to seek medical treatment abroad illustrates the little faith they have in their own healthcare systems. Given how countless Africans don’t have the resources to follow their leaders’ steps, there should be increased political will to make affordable healthcare available at home.
The Western-dominated financial system that is strangling Iran with sanctions today can do the same to BRICS oil exporters tomorrow, should their geopolitics be deemed inconvenient. Hence, there is urgency for the BRICS nations to create a new financial architecture for mutual economic benefit.
The G20 Leaders' declaration at the 2012 Summit in Mexico aims to achieve economic stability; better employment and social protection policies; strengthen and reform the international financial architecture; enhancing food security and address commodity price volatility.
The scope for any process on nuclear talks with Iran to founder on distrust, misunderstanding and political in-fighting in both Tehran and Washington remains formidable. Equally disturbing are the wider political realities. Can the upcoming talks in Istanbul launch a process that can, over time, lead to agreement?
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