The emerging countries’ summit reached agreement on a currency stabilisation fund and ministers will continue negotiations on a new development bank
Symbolism and messages counted more than the details at the BRICS (Brazil, Russia, India, China and South Africa) summit in Durban, South Africa, on 26-27 March. So, after lengthy discussions on the plan to set up a BRICS development bank, South Africa’s Finance Minister
Pravin Gordhan sounded relieved when he announced: ‘It’s done!’ It was done, in the sense that all the BRICS countries agreed that the bank should be launched but they still had to nail down the important details. South Africa and Brazil had earlier promised that the summit would launch a BRICS bank. So the delegates played down the lack of precision on some of the key questions about the bank.
New Chinese President Xi Jinping travelled to the BRICS summit in Durban, South Africa, via Tanzania, one of Beijing’s closest partners on the continent. His consistent message was...
China may be a weapon which Khartoum and Juba use in their conflicts but oil interests lock all three parties into a triangular relationship
On 15 March, President Omer Hassan Ahmed el Beshir sent a message of congratulations to China’s new President Xi Jinping and Prime Minister Li Keqiang, who officially assumed power...
