BRICS Summit: Guterres underscores bloc’s role in boosting global cooperation
United Nations Secretary-General Antonio Guterres has commended the BRICS group of emerging economies for their commitment to multilateralism and their role in promoting global cooperation.
Speaking at the BRICS (Brazil, Russia, India, China, South Africa) summit in Xiamen, China, on Tuesday, Guterres said: “In a world facing many uncertainties, the BRICS countries are sending a clear message of unity, stability and cooperation.”
Guterres hailed the BRICS’ commitment to the 2030 Agenda for Sustainable Development, noting that the group’s countries have taken “important strides” towards achieving the Sustainable Development Goals (SDGs).
“Your focus on sustainable development, innovation and inclusive growth is essential for building a more prosperous, just and equitable world,” Guterres said.
The UN chief also praised the BRICS countries for their support of the Paris Agreement on climate change, calling it a “critical step” towards addressing the global climate crisis.
“Climate change is one of the defining challenges of our time, and it is essential that we work together to implement the Paris Agreement and limit global temperature rise to well below 2 degrees Celsius,” Guterres said.
In addition to their commitment to multilateralism and sustainability, the BRICS countries are also playing an increasingly important role in global economic governance.
The BRICS New Development Bank (NDB) has become a major source of funding for infrastructure and sustainable development projects in developing countries. The NDB has approved more than $8 billion in loans since its inception in 2014.
The BRICS countries are also working to create a new global reserve currency, the BRICS Contingent Reserve Arrangement (CRA). The CRA would supplement the existing International Monetary Fund (IMF) and World Bank system and provide developing countries with an alternative source of financial support.
The BRICS summit in Xiamen is a clear demonstration of the group’s growing importance on the global stage. The BRICS countries are playing a vital role in promoting multilateralism, sustainability and economic development.
Here are some specific examples of how the BRICS countries are boosting global cooperation:
- The BRICS countries have established a joint research and development fund to support innovation and technology cooperation.
- The BRICS countries have launched a new initiative to promote cooperation on e-commerce and digital trade.
- The BRICS countries are working to create a new global reserve currency, the BRICS Contingent Reserve Arrangement (CRA).
- The BRICS countries are playing a leading role in the G20 group of major economies.
- The BRICS countries are working to strengthen their cooperation with other developing countries, such as the African Union and the Association of Southeast Asian Nations (ASEAN).
The BRICS countries are a powerful force for good in the world. Their commitment to multilateralism, sustainability and economic development is making a real difference in the lives of people around the world.
BRICS Summit: Guterres underscores bloc’s role in boosting global cooperation
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