July 8, Kathmandu. The 14th BRICS summit, which includes Brazil, Russia, India, China and South Africa, is set to begin on June 23.
The BRICS conference, which begins with the slogan “High-quality BRICS partnership, the beginning of a new era for global development”, will be hosted by Chinese President Xi Jinping through virtual media.
The conference aims to lift the world out of the quagmire of conflict and tension in development, as well as to refocus the world’s attention on development issues. The BRICS nations account for about a quarter of the world economy.
In recent years, the BRICS countries have contributed 50 percent to global economic growth. The BRICS countries are expected to be indispensable and important for post-KOVID-19 global economic reform and real multilateralism.
The meeting will be attended by BRICS leaders, leaders of emerging economies and developing countries. The 12th meeting is being held under the chairmanship of Yang Jiechi, director of the Foreign Affairs Commission of the CPC Central Committee, with the participation of BRICS national security advisers and high-level national security representatives.
The meeting last week reviewed the counter-terrorism and cyber security task force. The participants of the meeting agreed to draw up a plan and roadmap for counter-terrorism and cyber security assistance. He also stressed the need to address global issues with credibility, equality and accountability, and to improve the multilateral system immediately.
Economic analysts say the BRICS member states have made significant contributions to improving global economic governance and promoting global economic recovery. He argues that the BRICS Plus model will further highlight the potential for financial assistance.
The upcoming program under the Global Development Initiative proposed by China last year is expected to focus on development issues and bring it to the center of the international agenda.
BRICS is an organization of four emerging economies: Brazil, Russia, India, China and South Africa. The name of the organization is derived from the previous letters of the names of these five countries. Its first meeting was held in 2009.
Earlier, South Africa did not participate in it. At that time this organization was called ‘Brick’. The organization was renamed BRICS after South Africa joined in 2010.
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