The 8th BRICS summit scheduled to be held in Goa in October this year will be discussing "sustainable and inclusive solutions to the global problems", said Rosimar Da Silva Suzano, Consul General of Brazil (Mumbai) here on Friday.
Ms. Suzano was addressing a seminar on “BRICS: Challenges and Opportunities”, organised here jointly by Centre for Latin American Studies, Goa University in collaboration with International Centre, Goa.
Noting that a stronger BRICS equals a more equitable world order as no country can by itself respond to today’s challenges, Ms. Suzano said by pooling capabilities, resources and ideas over shared concerns BRICS is giving the world its contribution, at the same time ensuring its members a fair stake in the decision making process.
She recalled that 2008 global financial crisis confirmed the realisation among the emerging economies that they should have a voice in the decision-making mechanisms put in place at the Bretton Woods Conference in the aftermath of the II World War that no longer met the demands of a globalised world economy.
She advocated more reforms in global financial institutions and more investment in infrastructure in BRICS and emerging economies.
With the New Development Bank(NDB), BRICS will have funds to finance infrastructure projects at the BRICS countries or in other emerging third world countries, said Ms. Suzano.
Describing Brazil as a proactive member of the BRICS, Ms. Suzana saidf Brazil saw BRICS as a window of opportunities not to be missed, and went on to recall that since inception, her country saw BRICS as an ideal space for dialogue, and consensus, identification of convergences and expansion of contacts and cooperation in specific sectors amongst its members.
The BRICS, she said gave powerful impetus to the identification and development of specific bilateral and joint projects in strategic sectors such as agriculture, renewable energy, science and technology.
She said to handle issues of the global agenda the vision that is BRICS shall be open to constructively cooperate and engage with third countries as well as international and regional organizations. She also lauded the role of initiatives such as cultural exchanges, civil society dialogue and parliamentary meetings as having potential to generate news ideas of global governance and come up with inclusive solutions.
“BRICS offered a forum for deliberation and collective position taking a space to create a positive agenda and search for common ground within the international scene, an arena for intra-cooperation in a gamut of subjects and sectors,” she added.
Delivering a key-note address Mr. Shakti Sinha, former Jt. Secretary, Prime Minister’s Office said that BRICS and G7 need to be looked as a strong substance or component of emerging G20, which will have to navigate the world.
