Summit to debate global situation

Manmohan Singh: “India welcomes South Africa’s membership of BRICS, which will provide an African perspective to our deliberations”. File photo  

The BRICS summit — with South Africa having joined the grouping of Brazil, Russia, India and China — begins on Thursday and will essentially focus on four issues: the present international situation; international economic and financial issues; development issues; and cooperation among the BRICS countries.

This restricted session will be held for about 80 minutes, and the leaders will then go in for the plenary session with the theme ‘Broad Vision and Shared Prosperity.' Each of the leaders will be expected to speak for about six or seven minutes on this subject.

BRICS Trade Ministers will meet on the sidelines of the summit, and a delegation of Indian businessmen will join their counterparts from the other four countries for the BRICS Business Forum.

The summit will also see the issuance of a Sanya Declaration that will be supplemented by the Trade Ministers coming out with a joint press release.

Meanwhile, officials have denied that there was a Chinese proposal seeking to make the Yuan the world's reserve currency.

“Such things cannot be discussed and decided at a forum of five countries,” they pointed out.

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Printable version | Jan 27, 2022 10:48:03 PM |

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