Courtesy: MEA/Government of India
The launch of the BRICS bank can now give the member countries confidence to experiment with other geoeconomic ambitions. Incubating a non-dollar financial architecture can be the next goal. There are existing models to build upon but India will need smart economic diplomacy to secure its interests
Courtesy: Gateway House
Prime Minister Narendra Modi’s visit to Brazil for the BRICS summit is an opportunity for India to intensify its engagement with South America and reactivate the long-dormant IBSA (India, Brazil and South Africa) grouping. This grouping is a promising partnership comprising of different models of democracies spread over three continents
Courtesy: idevie.com
The New Development Bank was formalised at the just concluded meeting of the leaders of the BRICS nations in Fortaleza in Brazil this week. The location is to be Shanghai. The more appropriate and natural choice for locating the bank would have been Mumbai. There are several reasons why
Courtesy: wikimedia/commons
Brazil is all set to host the 6th BRICS Summit from July 15. In light of the fact that most developing nations have concerns over the pro-western bent of the World Bank and the IMF, the BRICS initiative of setting up of a Development Bank needs to gain momentum and the nations should finalise the mandate on a priority basis
Courtesy:
The recent sentences handed out to three Al Jazeera journalists show how far Egypt has moved away from the democratic ideals of the Tahrir Square protests. Egypt now shares space with North Korea, Cuba, Equatorial Guinea, Eritrea and Iran in Freedom House’s 2014 report
Courtesy: al Riyadh
Basher Assad has been voted to power in Syria in an election which is widely regarded as lacking legitimacy. This will be Assad’s third term in office and his victory is an indication of the control he continues to wield despite growing western backing of opposition groups
Courtesy: misguidedchildren.com
The kidnapping of nearly 300 school girls by Boko Haram has elicited international outrage and support for Nigeria. India must now channel its experience in counter-terrorism to provide assistance to Nigeria in its own war on terror
Courtesy: GovernmentZA/Flickr
The African National Congress party which has won its fifth consecutive victory in the elections faces a long-term challenge, both on the streets and at the ballot box. The newly formed Economic Freedom Fighters party has cut into the ANC’s base significantly in habitual strongholds like Gauteng, the economic hub
Courtesy: GovernmentZA/Flickr
The African National Congress has swept the polls in South Africa but high unemployment, violent labour strikes and allegations of crony capitalism has seen an erosion of the ANC’s support base among the black middle class voters whose backing the ANC has traditionally enjoyed
Courtesy: Rama/Wikimedia Commons
The year 2014 will witness elections in some of the biggest countries including India, Brazil and Indonesia. Like in India, the participation of youth voters is likely to be an important determinant in the outcome of the elections. Gateway House examines the presence of issues common to India and the major countries going to the polls in early 2014