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  • BRICS: Achieving Trade Growth and Reform through Cooperation

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    Neenad Mehta
    32 vizualizări5 pagini
    The document discusses the objectives and future of BRICS, an organization consisting of Brazil, Russia, India, China and South Africa. The key objectives of the Delhi summit were to foster trade in local currencies between BRICS countries, which totals $230 billion currently and is projected to reach $500 billion by 2015, and to evolve a more just global economic order by changing the IMF voting structure and increasing multilateralism. The summit also aimed to establish a joint development bank, extend credit facilities in local currencies, develop joint action plans, create an equity index derivative, and pool resources for infrastructure development. The document notes BRICS is becoming institutionalized with summits to be held annually, including the next in China, and increased meetings between

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    BRICS

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    The document discusses the objectives and future of BRICS, an organization consisting of Brazil, Russia, India, China and South Africa. The key objectives of the Delhi summit were to foster trade in local currencies between BRICS countries, which totals $230 billion currently and is projected to reach $500 billion by 2015, and to evolve a more just global economic order by changing the IMF voting structure and increasing multilateralism. The summit also aimed to establish a joint development bank, extend credit facilities in local currencies, develop joint action plans, create an equity index derivative, and pool resources for infrastructure development. The document notes BRICS is becoming institutionalized with summits to be held annually, including the next in China, and increased meetings between

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    32 vizualizări5 pagini

    BRICS: Achieving Trade Growth and Reform through Cooperation

    Încărcat de

    Neenad Mehta
    The document discusses the objectives and future of BRICS, an organization consisting of Brazil, Russia, India, China and South Africa. The key objectives of the Delhi summit were to foster trade in local currencies between BRICS countries, which totals $230 billion currently and is projected to reach $500 billion by 2015, and to evolve a more just global economic order by changing the IMF voting structure and increasing multilateralism. The summit also aimed to establish a joint development bank, extend credit facilities in local currencies, develop joint action plans, create an equity index derivative, and pool resources for infrastructure development. The document notes BRICS is becoming institutionalized with summits to be held annually, including the next in China, and increased meetings between

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 5

    BRICS

    Its achievements and future prospects

    Objectives of Delhi Submit

    1. Foster Trade in local currencies BRICS have multilateral trade to the tune of $230 billion, which will likely touch $500 billion by 2015. 2. Evolution of a Just Global Economic Order To change the voting structure of IMF To Increase membership by multilateralism

    Contd
    4. Establishment of a Joint development Bank Extend Credit facility in local currency Join action plans for development 5. Equity index Derivative 6. Pool Resources for infrastructure Development

    Institutionalization
    Submit to be held in China Next Year Finance Ministers, governors to meet before any international submit Recent meet for agricultural ministers

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