Left Menu
Development News Edition

Infrastructure development and PPP to be spotlight at 11th BRICS Summit

President Cyril Ramaphosa arrived in Brasilia on Tuesday, where he is leading the South African delegation to the summit from 13 - 14 November.

Infrastructure development and PPP to be spotlight at 11th BRICS Summit
The 11th BRICS Summit is hosted by the Federative Republic of Brazil, led by President Jair Messias Bolsonaro as the 2019 BRICS Chair. Image Credit: ANI

Infrastructure development and possible public-private partnerships will be under the spotlight as the 11th BRICS Summit gets underway in Brazil.

President Cyril Ramaphosa arrived in Brasilia on Tuesday, where he is leading the South African delegation to the summit from 13 - 14 November.

BRICS is the association of five major emerging countries, namely Brazil, Russia, India, China, and South Africa, which together represent about 42% of the global population, 23% of gross domestic product (GDP), 30% of world territory and 18% of the global trade.

The 11th BRICS Summit is hosted by the Federative Republic of Brazil, led by President Jair Messias Bolsonaro as the 2019 BRICS Chair.

The summit is convened under the theme 'BRICS: Economic Growth for an Innovative Future'.

Brazil's priorities for its 2019 BRICS chairship are innovation, fighting transnational crime, health and promoting trade and investment, with a focus on infrastructure development and possible public-private partnerships.

The summit is preceded by the BRICS Business Forum, where President Ramaphosa and other BRICS leaders are expected to interact with the BRICS Business Council to strengthen dialogue between the council and BRICS leaders to strengthen and promote economic, trade, business and investment ties among BRICS members.

Spokesperson to the President, Khuselo Diko, said South Africa's membership of BRICS enables the country to employ additional and powerful tools in its fight to address the triple challenge of unemployment, poverty, and inequality through increased trade, investment, tourism, capacity building, skills and technology transfers.

"These objectives are further realized through BRICS' financial institutions like the New Development Bank (NDB) and the Africa Regional Centre (ARC). The Johannesburg-based ARC, notably, is playing a catalytic role in providing financial and project preparation support for infrastructure and sustainable development projects in South Africa and Africa.

"At an institutional development level, South Africa derives crucial benefits through the Track II institutions such as the BRICS Business Council and the BRICS Think-Tank Council, as well as the creation of the BRICS Inter-Bank Cooperation Mechanism.

"Furthermore, the establishment in 2016 of the BRICS STI (Science, Technology & Innovation) funding mechanism and Framework Programme is an example of the vital support for capacity building, as well as skills and technology transfer," Diko said.

She said the objective of the President's engagement in the BRICS Summit is to contribute to the future direction of BRICS, to strengthen intra-BRICS relations and mutually beneficial cooperation across the four pillars of cooperation, particularly in intra-BRICS trade and investment, as well as to ensure the ongoing implementation of the outcomes of the 10th BRICS Summit hosted in South Africa in 2018.

The summit will welcome the adoption of the Terms of Reference and Work Plan for the Advisory Group on the BRICS Partnership on the New Industrial Revolution (PartNIR), which is in line with South Africa's theme of the BRICS Chairship in 2018, namely 'BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the 4th Industrial Revolution (4IR)'.

South Africa has made concerted efforts to place the African continent and the Global South on the agenda of BRICS and to harmonize policies adopted in regional and international fora with those pursued in BRICS, including Africa's Agenda 2063 and the 2030 Agenda for Sustainable Development.

The exponential institutional development of BRICS has yielded institutions, including the New Development Bank (NDB), and its' Africa Regional Centre (ARC) and the Contingent Reserve Arrangement (CRA), amongst others, all of which are intended to make tangible and impactful contributions toward the development objectives of South Africa and BRICS.

Diko said President Ramaphosa will utilize the opportunity to highlight to BRICS partners South Africa's priorities for chairing the African Union (AU) in 2020 and the commencement of the Africa Continental Free Trade Area.

The President is accompanied by the First Lady, Dr. Tshepo Motsepe, Minister of International Relations and Cooperation Dr. Naledi Pandor, Trade and Industry Minister Ebrahim Patel, Health Minister Dr. Zweli Mkhize, State Security Minister, Ayanda Dlodlo.

(With Inputs from South African Government Press Release)



Hyderabad Encounter: A sentiment analysis of public mood on day of encounter

Sentiment analysis of twitter users revealed that they showered salutes on Hyderabad police for eliminating alleged gang rapists of the veterinary doctor but only a few believe in cops version of successive events leading to encounter....

Hyderabad Encounter: Time to review modern judiciary and restore people’s confidence

Its probably for the first time in the history of independent India, the parliamentarians, chief ministers and ministers in the Union and State governments are openly supporting an encounter. This indicates the people from top to bottom hav...

What happens to your outstanding loans if the bank falls?

... ...

Time for a change! Innovations to stop the growing plastic pollution

As the planet is drowning in plastic pollution, many new innovative approaches and solutions have emerged to effectively deal with the menace....


Latest News

UPDATE 5-U.S. grounds Saudi pilots, halts military training after base shooting

The Pentagon announced on Tuesday it was halting operational training of all Saudi Arabian military personnel in the United States until further notice after a Saudi Air Force lieutenant shot and killed three people last week at a base in F...

Giants sign P Gausman, acquire INF Cozart from Angels

The San Francisco Giants signed free agent right-hander Kevin Gausman to a one-year contract and traded for veteran infielder Zack Cozart on Tuesday. The Gausman deal is for a reported 9 million, with up to 1 million in escalating bonuses i...

UPDATE 2-Soccer-Napoli sack coach Ancelotti after reaching Champions League last 16

Napoli sacked Carlo Ancelotti, one of Europes most successful coaches, on Tuesday, three hours after the Serie A club beat Genk 4-0 to qualify for the Champions League round of 16 and end a nine-match winless run.The club confirmed it had d...

UPDATE 2-Tremor activity at NZ volcano a hurdle for recovery effort

Increasing tremor activity on a volcanic island in New Zealand has hampered efforts by authorities to recover the bodies of eight people believed to be on the island, two days after it erupted. Six people were killed in Mondays explosion at...

Give Feedback