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With Prime Minister Modi set to embarking on a four-nation tour in Africa, we recall the chat we had with Kapil Kapoor, Director of the African Development Bank, on the sidelines of The Gateway of India Dialogue, where he highlighted the kind of opportunities that have arisen in Africa to provide energy and food security.
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At present, South Africa finds itself charting political and economic policy uncertainties. This is not to suggest that the domestic political crisis will see different trajectories unfolding with regard to its BRICS/IBSA engagements, or on a broader foreign policy path, but it will have repercussions at the international level, in terms of investor confidence, credit ratings, and currency volatility. Pretoria will face constant pressure to be seen as a credible actor, especially when it comes to its African identity.
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Although the BRICS caravan is passing through uncertain times, its major leaders appear determined to continue the journey as doing so is in the collective interest. The world is likely to hear more - not less - about BRICS in the foreseeable future.
Courtesy: Lexington Books
Oliver Stuenkel's book provides a well-researched account of the evolution of BRICS – starting from the forum’s inception in 2009 to the present – and the interactions between Brazil, Russia, India, China and South Africa on global issues.
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The third India-Africa Forum Summit in New Delhi concluded on 29 October 2015. It is time that India begins work towards elevating the partnership with Africa and move ahead from the lofty ideals and grand vision statements. A conscious effort to shift gears and pour in investment in Africa is the need of the hour.
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Changes in how India plans to approach its relationship with Africa were evident at the recent India-Africa Forum Summit, including the wider representation of African countries, and Modi’s push to forge a united front with Africa at multilateral institutions on trade and other issues. But beyond these, gaps in the India-Africa alliance remain to be addressed.
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Designed by Debarpan Das This infographic was exclusively created for Gateway House: Indian Council on Global Relations. You can read more exclusive content here. For interview requests with the author, or for permission to republish, please contact outreach@gatewayhouse.in. © Read more
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The India-Africa Forum Summit in New Delhi this week has not generated much excitement among African media, academia, and think tanks. But it will be useful for the African bloc to have a strategic game-plan about the Africa-India relationship of the future, across such areas as trade and public health
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At a recent international seminar on BRICS Studies, in addition to the predictable themes such as building a multipolar world order and the One Belt One Road project, fresh ground was also covered, including the contours of the New Development Bank and the potential impact of the refugee crisis on BRICS countries.
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GLC Policy Conclave Session 1: The New Financial World Order Shashank Bengali (SB): So, Rajrishi, can you tell us basically what the circumstances were that led to the development of these new multilateral institutions? How did we get here? Read more