Brics issues joint Goa declaration pledging enhanced global role

The emerging-market bloc of Brics issued a joint declaration in Benaulim, looking to play a bigger role and contribute more to the global governance system.

IANS October 17, 2016 08:02:58 IST
Brics issues joint Goa declaration pledging enhanced global role

Benaulim: The emerging-market bloc of Brics issued a joint declaration in Benaulim, after a meeting, looking to play a bigger role and contribute more to the global governance system.

Brics issues joint Goa declaration pledging enhanced global role

Prime Minister Narendra Modi with Chinese President Xi Jinping, Russian President Vladimir Putin, South African President Jacob Zuma and Brazilian President Michel Temer. PTI

The Goa Declaration was a result of the eighth Brics summit that was held on 15-16 October in Goa, under the theme of "Building Responsive, Inclusive and Collective Solutions."

Chinese President Xi Jinping, Russian President Vladimir Putin, Brazilian President Michel Temer, Indian Prime Minister Narendra Modi and South African President Jacob Zuma attended the meeting.

The document said the Brics members expressed satisfaction with the approval of the first batch of loans by the New Development Bank (NDB), particularly in the renewable energy projects in Brics countries, Xinhua news agency reported.

Noting that Brics countries represent an influential voice on the global stage, the leaders extended gratitude to UN Secretary-General Ban Ki-moon and congratulated Antonio Guterres on his appointment as the next UN chief.

On the UN's 2030 Agenda for Sustainable Development, the declaration urged developed countries to commit 0.7 percent of gross national income for assistance to developing countries.

The five Brics leaders, who met last month in Hangzhou when China hosted the 11th summit of the Group of 20 (G20) major economies, welcomed the G20 Action Plan and committed to its implementation.

On the International Monetary Fund (IMF) reform, the bloc reaffirmed its commitment to a strong, quota based and adequately resourced IMF.

The declaration welcomed the inclusion of the Chinese renminbi (RMB) into the Special Drawing Rights currency basket on 10 October, and urged advanced European economies to meet their commitments to cede two chairs on the Executive Board of the IMF.

On the security front, the bloc strongly condemned the recent attacks against some BRICS countries and agreed to strengthen cooperation in combating international terrorism both at the bilateral level and at international fora.

On environment protection, the BRICS countries welcomed the Paris Agreement and its imminent entry into force on 4 November.

India, South Africa, Brazil and Russia conveyed their appreciation to China for its offer to host the Ninth BRICS Summit in 2017 and extended their full support, said the declaration.

This year marks the 10th anniversary of the BRICS cooperation mechanism, which gathers the world's five major emerging economies — Brazil, Russia, India, China and South Africa.

Updated Date:

also read

Russia successfully test-fires hypersonic missile from nuclear submarine for first time
World

Russia successfully test-fires hypersonic missile from nuclear submarine for first time

The Russian Defense Ministry said that the Severodvinsk submarine performed two launches of the Zircon cruise missile at mock targets in the Barents Sea.

Pandora Papers: World leaders scramble to limit fallout as leaked documents reveal financial secrets of wealthy
World

Pandora Papers: World leaders scramble to limit fallout as leaked documents reveal financial secrets of wealthy

Although holding assets offshore or using shell companies is not illegal in most countries, the revelations are embarrassing for leaders who have pushed austerity measures or campaigned against corruption

Narendra Modi wishes Manmohan Singh 'speedy recovery'; Mansukh Mandaviya visits ex-PM at AIIMS
India

Narendra Modi wishes Manmohan Singh 'speedy recovery'; Mansukh Mandaviya visits ex-PM at AIIMS

Modi tweeted, "I pray for the good health and speedy recovery of Dr. Manmohan Singh Ji."