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News (447)

16 August2018
Project and loan agreements for Luoyang metro project signed in Zhengzhou, China

Project and loan agreements for Luoyang metro project signed in Zhengzhou, China

On 16 August 2018, Project and Loan Agreements for the New Development Bank’s Luoyang Metro Project were signed in Zhengzhou, the capital city of Henan Province, China. According to the Agreements, the Bank will provide a USD 300 million sovereign project loan to the People’s Republic of China to be...
15 August2018
The B20 brings together business leaders, government ministers and provincial governors in the Patagonian province of Neuquén

The B20 brings together business leaders, government ministers and provincial governors in the Patagonian province of Neuquén

The B20 brings together business leaders, government ministers and provincial governors in the Patagonian province of NeuquénThe fifth edition of the B20 Business Leaders Forum under the Argentinian G20 presidency was organized in the province of Neuquén, in northern Patagonia.The Forum was attended...
14 August2018
Young leaders from around the world take part in the Y20 Summit in Córdoba

Young leaders from around the world take part in the Y20 Summit in Córdoba

The 2018 Youth 20 Summit began today in the city of Córdoba in central Argentina, under the slogan “Shaking the present, building the future.” The Youth 20 or Y20 is the engagement group that brings together young leaders from G20 member countries. Over 80 delegates aged between 18 and 30 are taking...
10 August2018
WTOI suggests trade momentum softening further in third quarter of 2018

WTOI suggests trade momentum softening further in third quarter of 2018

Trade expansion will likely slow further in the third quarter of 2018 according to the WTO’s latest World Trade Outlook Indicator (WTOI) released on 9 August. The most recent WTOI reading of 100.3 is below the previous value of 101.8 and just above the baseline value of 100 for the index, signalling...
08 August2018
Rural women’s inclusion: W20 main recommendations for G20 Leaders

Rural women’s inclusion: W20 main recommendations for G20 Leaders

Women 20 (W20), G20 engagement group that works for women’s full economic development, concluded its work regarding the inclusion of rural women in Salta on 3 August 2018.The meeting was held as part of the W20’s international dialogue with the aim of addressing the last of the focus topics: the inc...
08 August2018
Students from Buenos Aires City take part in a new Model G20 exercise

Students from Buenos Aires City take part in a new Model G20 exercise

Today, teachers and students from High School No. 5 “María de los Remedios Escalada de San Martín”, in the city of Buenos Aires, took part in a new Model G20 exercise to experience first-hand the dynamics of the G20.Organized by the Argentine G20 presidency, Argentina’s Ministry of Education and the...
07 August2018
The C20 presents its recommendations to President Mauricio Macri

The C20 presents its recommendations to President Mauricio Macri

The Civil 20 summit under the Argentinian presidency in the fora was held in Buenos Aires on 6-7 August 2018. Argentine President Mauricio Macri attended the opening session, where he received a document with recommended policies.The 42-page document (in English) is the result of a process of severa...
06 August2018
G20 Members¹ Compliance Hits Peak of 85%

G20 Members¹ Compliance Hits Peak of 85%

G20 members have complied at a rate of 85% with 17 priority commitments made at last year¹s Hamburg Summit, according to the 2017 G20 Hamburg Summit Interim Compliance Report (in English) just released by the G20 Research Group. This surpasses the 83% score of compliance with the first G20 leaders¹ ...
03 August2018
New Development Bank receives AA+ credit rating from Fitch

New Development Bank receives AA+ credit rating from Fitch

Fitch Ratings (“Fitch”) announced it has assigned New Development Bank (NDB) a long-term issuer default rating (IDR) of ‘AA+’ with a stable outlook and a short-term IDR of ‘F1+’.In its press release Fitch stated, NDB’s AA+ credit rating is driven by the intrinsic features of the Bank. Fitch consider...
31 July2018
WTO issues 2018 editions of its flagship statistical publications

WTO issues 2018 editions of its flagship statistical publications

The WTO issued today (30 July) the latest editions of its annual statistical publications: World Trade Statistical Review, Trade Profiles and World Tariff Profiles.World Trade Statistical Review 2018 looks into the latest trends in global trade, with an in-depth analysis of what is being traded in g...
31 July2018
Digital Economy Task Force prepares recommendations on inclusive development

Digital Economy Task Force prepares recommendations on inclusive development

The second meeting of the G20 Digital Economy Task Force (DETF) under the Argentinian presidency in the fora was held in Buenos Aires on 31 July – 1 August 2018. The representatives from G20 member and guest countries, together with officials from international organizations, discussed issues relate...
30 July2018
The Economist article is premises on the RANEPA CIIR and University of Toronto BRICS research outcomes

The Economist article is premises on the RANEPA CIIR and University of Toronto BRICS research outcomes

In the new article published by The Economist journal and devoted to BRICS achievements and future prospects (in English), the authors apply the RANEPA CIIR and University of Toronto BRICS research outcomes on compliance with summits` commitments. According to the research, the BRICS members of Braz...
30 July2018
BRICS Memorandum of Understanding on the Regional Aviation Partnership Cooperation was signed

BRICS Memorandum of Understanding on the Regional Aviation Partnership Cooperation was signed

BRICS Memorandum of Understanding on the Regional Aviation Partnership Cooperation was signed on the sidelines of the leaders` summit in Johannesburg on 26-27 July 2018. From the Russian side the document was signed by Minister of Transport Evgeny Ditrich. Among the areas of cooperation indicated in...
30 July2018
G20 B20 Digital Economy Summit

G20 B20 Digital Economy Summit

The Digital Economy Summit under the Argentinian presidency in the fora was organized by the B20 and G20 in Buenos Aires on 30 July 2018. The meeting aimed to contribute to the strengthening of a global digital agenda for development by gathering representatives of the public and private sectors to ...
30 July2018
G20 Agriculture Ministers adopted declaration

G20 Agriculture Ministers adopted declaration

The G20 Agriculture Ministers meeting under the Argentinian presidency in the fora was held in Buenos Aires on 28 July 2018. The meeting concluded with adoption of the Declaration (in English). G20 agriculture ministers committed to “work collaboratively toward our goals of ending hunger and promoti...
27 July2018
10th BRICS summit was held in South Africa

10th BRICS summit was held in South Africa

The 10th commemorative BRICS summit under the South African presidency in the fora was held in Johannesburg on 26-27 July 2018. The summit was attended by President of Russia Vladimir Putin, President of South Africa Cyril Ramaphosa, President of Brazil Michel Temer, President of China Xi Jinping an...
27 July2018
RANEPA CIIR Researcher Andrey Shelepov shared with RT Arabic и RTVi TV channels BRICS achievements and perspectives

RANEPA CIIR Researcher Andrey Shelepov shared with RT Arabic и RTVi TV channels BRICS achievements and perspectives

On the occasion of the BRICS leaders` summit in Johannesburg RANEPA CIIR Researcher Andrey Shelepov shared with RT Arabic (in Arabian) и RTVi (in Russian) TV channels BRICS achievements and perspectives. Andrey Shelepov emphasized that during the years of its existence BRICS gained significant resul...
27 July2018
G20 ministerial meetings on agriculture

G20 ministerial meetings on agriculture

The second G20 Agriculture Deputies meeting under the Argentinian presidency in the fora was held in Buenos Aires on 26-27 July 2018. The meeting was also attended by senior officials from guest countries and 11 international organizations. The participants discussed the comprehensive and responsibl...
27 July2018
NDB President meets President of South Africa in Johannesburg

NDB President meets President of South Africa in Johannesburg

On 26 July 2018, Mr. K.V. Kamath, the President of the New Development Bank had a meeting with Mr. Cyril Ramaphosa, the President of the Republic of South Africa. The meeting took place on the sidelines of the 10th BRICS Summit in Johannesburg, South Africa.During the conversation, Mr. K.V. Kamath a...
26 July2018
Kazakhstan to host WTO’s next Ministerial Conference

Kazakhstan to host WTO’s next Ministerial Conference

WTO members have accepted Kazakhstan’s invitation to host, in Astana, the organization’s Twelfth Ministerial Conference (MC12) to be held in 2020. The decision was taken by consensus at the General Council meeting on 26 July 2018 and marks the first time a Ministerial Conference is to be organized i...
26 July2018
AIIB welcomes HK contribution of USD10 million to help low-income countries in Asia

AIIB welcomes HK contribution of USD10 million to help low-income countries in Asia

Hong Kong, China will contribute USD10 million to the Asian Infrastructure Investment Bank’s (AIIB) Project Preparation Special Fund, according to AIIB President Jin Liqun and Hong Kong Special Administrative Region (HKSAR) Chief Executive Carrie Lam. The fund provides grant support to low-income me...
26 July2018
NDB President reports to BRICS leaders on the Bank’s progress at summit in Johannesburg, South Africa

NDB President reports to BRICS leaders on the Bank’s progress at summit in Johannesburg, South Africa

On 26 July 2018, Mr. K.V. Kamath, the President of the New Development Bank met with the Leaders of Brazil, Russia, India, China and South Africa during the 10th BRICS Summit in Johannesburg, South Africa.During the meeting, Mr. K.V. Kamath delivered an update on the progress of the NDB and received...
26 July2018
NDB President and Minister of Foreign Affairs of Brazil sign agreement on the hosting of the Bank’s Americas regional office in São Paulo

NDB President and Minister of Foreign Affairs of Brazil sign agreement on the hosting of the Bank’s Americas regional office in São Paulo

New Development Bank and the Government of the Federative Republic of Brazil signed today an Agreement on the Hosting of the New Development Bank Americas Regional Office (ARO) in the Federative Republic of Brazil. The Agreement was signed in Shanghai by Mr. K.V. Kamath, the NDB President, Mr. Aloys...
25 July2018
S20 issues recommendations for a sustainable food future

S20 issues recommendations for a sustainable food future

The S20 engagement group representing the scientific community brought together over 200 scientists from G20 member countries in the city of Rosario, Argentina. Argentine Minister of Science, Technology and Innovative Production, Lino Barañao, attended the summit’s close.The Science 20 (S20) Summit ...
24 July2018
BRICS Compliance Dips Slightly

BRICS Compliance Dips Slightly

The BRICS members of Brazil, Russia, India, China and South Africa kept the promises they made at last year¹s 2017 Xiamen Summit at a rate of 79%, according to the BRICS Research Group. This rate is lower than their compliance of 89% for the commitments made at the 2016 Goa Summit, but higher than t...
23 July2018
Third G20 meeting of finance ministers and central bank governors under the Argentinian presidency

Third G20 meeting of finance ministers and central bank governors under the Argentinian presidency

Third G20 meeting of finance ministers and central bank governors under the Argentinian presidency in the fora was held in Buenos Aires on 21-2 July 2018. The event was attended by 23 finance ministers, 14 central bank governors and 10 representatives from international organizations, including Chri...
23 July2018
NDB and BRICS Business Council co-host business breakfast in Durban in the run-up to BRICS summit in South Africa

NDB and BRICS Business Council co-host business breakfast in Durban in the run-up to BRICS summit in South Africa

On 23 July 2018, the New Development Bank (NDB) and BRICS Business Council (BBC) co-hosted a Business Breakfast in Durban, South Africa. Participating in the event was Mr. Sihle Zikalala, the Acting Premier of KwaZulu-Natal Province of South Africa, members of the Bank’s management, heads and member...
23 July2018
NDB Board of Directors approves two projects in South Africa and China both with loans aggregating USD 600 million

NDB Board of Directors approves two projects in South Africa and China both with loans aggregating USD 600 million

On 20 July 2018, the Board of Directors (BoD) of the New Development Bank approved two infrastructure and sustainable development projects in South Africa and China, with both loans aggregating USD 600 million.NDB will provide a loan of USD 300 million without sovereign guarantee to the Development ...
20 July2018
BRICS health ministers meeting under the SA presidency

BRICS health ministers meeting under the SA presidency

The 8th BRICS Health Ministers meeting under the South African presidency in the fora was held in Durban on 20 July 2018.Five key issues were the point of discussion, including included tuberculosis (TB), universal health coverage, non-communicable diseases, communicable diseases as well as the impl...
12 July2018
G20 Development Working Group meeting was held in Tucumán

G20 Development Working Group meeting was held in Tucumán

The second G20 Development Working Group meeting under the Argentinian presidency in the fora was held in Tucumán. The Argentine G20 Sherpa, Pedro Villagra Delgado, attended the opening.Over the two-day meeting, representatives from G20 member and guest countries, as well as experts from internation...
11 July2018
A portal to connect BRICS member states projects launched

A portal to connect BRICS member states projects launched

A new project portal which seeks to create connectivity amongst BRICS member states projects was launched in Johannesburg today. The portal aims to act as a vehicle for project owners to meet with potential funders and sponsors. This initiative was launched by the BRICS Business Council Infrastructu...
10 July2018
BRICS education ministers sign deal to tackle challenges

BRICS education ministers sign deal to tackle challenges

BRICS Ministers of Education yesterday signed a declaration (in English) to address 21st century challenges and opportunities regarding the Fourth Industrial Revolution.Hosted by the Department of Higher Education and Training, the theme for this year’s meeting was, “Deepening BRICS Education Partne...
10 July2018
BRICS International School

BRICS International School

On August 27-31, 2018 Moscow will host BRICS International School, organized by the Russian National Committee on BRICS Research together with the Alexander Gorchakov Public Diplomacy Fund.«BRICS International School» is a unique scientific and educational program for training young specialists in t...
10 July2018
AIIB to transition to new model for project approvals

AIIB to transition to new model for project approvals

The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a new governance model that will strengthen its role in establishing the policies and strategies of the bank and its ability to hold the President accountable for the management of AIIB. It will also delegate authority...
09 July2018
Business Women Leaders Task Force begins official activities

Business Women Leaders Task Force begins official activities

The G20 Business Women Leaders Task Force (BWLT) began its official activities on 9 July 2018 at a meeting in the Argentine embassy in London. Representatives from G20 member countries and guest experts examined ways to increase women’s participation in the economy.Created at the G20 Hamburg Summit ...
04 July2018
BRICS industry ministers under the SA presidency

BRICS industry ministers under the SA presidency

Industry Ministers from BRICS countries on Wednesday signed a declaration (in English) on the implementation of the Digital Industrial Revolution (DIR).The Ministers met on Wednesday at the Africa Pride Mount Grace Hotel, in Magaliesburg, for the third BRICS Industry Ministers’ meeting. Briefing the...
04 July2018
Second BRICS governance seminar held in Johannesburg

Second BRICS governance seminar held in Johannesburg

The BRICS Seminar on Governance is being held in Johannesburg, South Africa, aimed at promoting the institutionalization of BRICS experiences in governance, and expand exchange and cooperation. It’s part of the second Golden Decade of BRICS cooperation.Delegates attending the meeting hope to share e...
04 July2018
W20 held its roundtable on financial inclusion in Saudi Arabia

W20 held its roundtable on financial inclusion in Saudi Arabia

Women 20 held its third roundtable with more than 40 people, including delegates, experts and special guests, who addressed the main topics of the agenda of financial inclusion for women.The activity, supported by the British Bank of Saudi Arabia (SABB), was carried out in Riyadh where the key point...
03 July2018
AIIB Approves $250M to Modernize, Rehabilitate Irrigation in Indonesia

AIIB Approves $250M to Modernize, Rehabilitate Irrigation in Indonesia

The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved a USD250 million loan to improve irrigation services and management accountability in Indonesia. The project, cofinanced with the World Bank, aims to rehabilitate, revitalize and modernize water resources and irri...
29 June2018
Model G20: Local state school students recreate the G20

Model G20: Local state school students recreate the G20

High school students simulate major G20 debates as part of an initiative to bring the G20 to classrooms across the country. Today the Leaders’ Summit took place in a school in Chacarita, in the city of Buenos Aires.The second Model G20 exercise started today in the city of Buenos Aires, a way for hi...
27 June2018
AIIB Approves First Loan in Turkey; USD600M Investment to Improve Gas Supply

AIIB Approves First Loan in Turkey; USD600M Investment to Improve Gas Supply

The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved a USD600-million loan to increase the reliability and security of Turkey’s gas supply. The project, cofinanced with the World Bank, is AIIB’s first project to be financed in Turkey. The project will raise the capa...
26 June2018
AIIB Approves Lebanon Membership

AIIB Approves Lebanon Membership

The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has approved a new membership application from the Republic of Lebanon, bringing AIIB’s total approved membership to 87. Lebanon will officially join AIIB as a regional member once it completes the required domestic processes and d...
26 June2018
Luxembourg to Host 2019 AIIB Annual Meeting

Luxembourg to Host 2019 AIIB Annual Meeting

The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced today that the Fourth AIIB Annual Meeting will be held in Luxembourg in July 2019.Luxembourg is a founding member of AIIB as well as a leading international financial center and a facilitator of investments between E...
25 June2018
AIIB Investment to Attract Private Capital, Help Indian Infrastructure Development

AIIB Investment to Attract Private Capital, Help Indian Infrastructure Development

The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved an equity investment of USD 100 million in India’s National Investment and Infrastructure Fund’s (NIIF) Fund of Funds as Phase I for the NIIF Fund of Funds initial closing. AIIB is considering a further investment...
25 June2018
AIIB and IsDB Group Join Forces to Grow Sustainable Infrastructure

AIIB and IsDB Group Join Forces to Grow Sustainable Infrastructure

For the first time, the Asian Infrastructure Investment Bank (AIIB) and the Islamic Development Bank Group (IsDB Group) have signed a Memorandum of Understanding (MOU) to establish a framework for strategic cooperation, including actively seeking to co- finance projects in common areas of operations...
20 June2018
BRICS consultative meeting on the Middle East and North Africa under the South African presidency

BRICS consultative meeting on the Middle East and North Africa under the South African presidency

On 20 June 2018, the fourth BRICS consultative meeting on the Middle East and North Africa took place in the capital of South Africa, Pretoria. The meeting was attended by Russia’s Deputy Foreign Minister and Special Presidential Representative for the Middle East and Africa Mikhail Bogdanov, Deputy...
15 June2018
G20 Energy Ministerial meeting under the Argentinian presidency

G20 Energy Ministerial meeting under the Argentinian presidency

The G20 Energy Ministers meeting under the Argentinian presidency in the fora was held in the Patagonian city of San Carlos de Bariloche on 15 June 2018. In addition to the G20 member countries` representatives the event was attended by the delegates from the guest countries and international organi...
14 June2018
G20 Energy ministers visit Argentinian tech company INVAP

G20 Energy ministers visit Argentinian tech company INVAP

The senior energy officials of G20 member and guest countries, gathered in Bariloche, in the southern Argentine region of Patagonia for their meeting, visited the headquarters of Argentinian tech company INVAP.They had the opportunity to explore INVAP’s achievements over the last 40 years in the nuc...
13 June2018
The G20 debates the future global energy mix in Bariloche, Patagonia

The G20 debates the future global energy mix in Bariloche, Patagonia

The second meeting of the G20 Energy Transitions Working Group under the Argentinian presidency in the G20 was organized in Bariloche, Patagonia on 13-14 June 2018. The meeting was attended by senior officials from G20 member and guest countries as well as international organizations representatives...
12 June2018
G20 Education and Employment Working Groups meeting under the Argentinian presidency

G20 Education and Employment Working Groups meeting under the Argentinian presidency

The G20 Education and Employment Working Groups meeting under the Argentinian presidency in the fora was held in Geneva, Switzerland. The delegates were officials from member and guest countries, and representatives from international organizations, namely UNESCO, the International Labour Organizati...
09 June2018
G7 summit was held in Charlevoix, Canada

G7 summit was held in Charlevoix, Canada

The G7 summit under the Canadian presidency in the fora was held in Charlevoix, Quebec on 8-9 June 2018. It brought together the heads of state or government from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States as well as the President of the European Council, Donald ...
07 June2018
BRICS Bank to Open Americas Regional Office in Brazil

BRICS Bank to Open Americas Regional Office in Brazil

The BRICS New Development Bank will open its Americas Regional Office in Brazil, the bank said.The decision was communicated to the Brazilian Foreign Minister Aloysio Nunes Ferreira by NDB President K.V. Kamath at a meeting in Shanghai, according to a statement from the bank, which is currently head...
04 June2018
G7 Development Ministers’ meeting

G7 Development Ministers’ meeting

The G7 Development Ministers’ meeting under the Canadian presidency was held in Whistler, British Columbia on 31 May – 2 June 2018. Advancing gender equality is the most effective approach to eradicating extreme poverty and building a more peaceful, inclusive and prosperous world. Recent estimates i...
04 June2018
BRICS Foreign Ministers meeting under the South African presidency

BRICS Foreign Ministers meeting under the South African presidency

BRICS Foreign Ministers meeting under the South African presidency was held in Pretoria on 4 June 2018. Russian Foreign Minister Sergey Lavrov took part in the meeting.The participants had an in-depth discussion of the current issues on the global agenda, including those related to maintaining peace...
04 June2018
G7 Finance and Development Ministers meeting under the Canadian presidency

G7 Finance and Development Ministers meeting under the Canadian presidency

G7 Finance and Development Ministers meeting under the Canadian presidency was organized on 1 June 2018 in Whistler, British Columbia. The Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie of Canada and the Honourable Bill Morneau, Minister of Finance of Canad...
02 June2018
G7 Finance Ministers and Central Bank Governors reaffirm importance of open, and rules based trade

G7 Finance Ministers and Central Bank Governors reaffirm importance of open, and rules based trade

The G7 Finance Ministers and Central Bank Governors meeting under the Canadian presidency in the fora was organized in Whistler, British Columbia on 1-2 June 2018. The participants of the meeting expressed concerns over the tariffs imposed by the United States on steel and aluminum, noting that thes...
31 May2018

The OECD Ministers adopted new Due Diligence Guidance for Responsible Business Conduct

On 31 May 2018, the OECD Members at the Ministerial Council meeting adopted new Due Diligence Guidance for Responsible Business Conduct (in English). Businesses can play a major role in contributing to economic, environmental and social progress, especially when they minimise the adverse impacts of ...
30 May2018
NDB third annual meeting unveils key updates on technology-backed development

NDB third annual meeting unveils key updates on technology-backed development

The New Development Bank (NDB) held its Third Annual Meeting in Shanghai on 28-29 May 2018, welcoming high-level delegates including government ministers, senior figures from multilateral development institutions and business leaders from the BRICS member nations. The event included seminars and hig...
30 May2018
Leading scientists from the G20 gather in Jujuy to work on challenges in agriculture

Leading scientists from the G20 gather in Jujuy to work on challenges in agriculture

The meeting of Agricultural Chief Scientists of the G20 (MACS-G20) under the Argentinian presidency in the fora was held in Jujuy on 28-30 May 2018. The meeting was attended by over 60 delegates from G20 members and international organizations, including the Food and Agriculture Organization of the ...
28 May2018
New Development Bank and State Bank of India sign memorandum of understanding to establish partnership

New Development Bank and State Bank of India sign memorandum of understanding to establish partnership

On 28 May 2018, the New Development Bank (NDB) and the State Bank of India (SBI) signed Memorandum of Understanding to promote and establish general cooperation. The Memorandum was signed in Shanghai by Mr. K. V. Kamath, the NDB President and Mr. Rajnish Kumar, the Chairman of SBI.The Memorandum pro...
28 May2018
New Development Bank and Development Bank of Southern Africa sign memorandum of understanding to establish framework for cooperation

New Development Bank and Development Bank of Southern Africa sign memorandum of understanding to establish framework for cooperation

On 28 May 2018, the New Development Bank (NDB) and the Development Bank of Southern Africa (DBSA) signed Memorandum of Understanding on General Cooperation. The Memorandum was signed in Shanghai by Mr. K. V. Kamath, the NDB President and Mr. Patrick Dlamini, Chief Executive Officer of DBSA.The objec...
28 May2018
NDB and Government of China sign loan agreement for Chongqing small cities sustainable development project

NDB and Government of China sign loan agreement for Chongqing small cities sustainable development project

On 28 May 2018, the New Development Bank (NDB) and the Government of the People’s Republic of China signed Loan Agreement for Chongqing Small Cities Sustainable Development Project for an amount aggregating to USD 300 mln. The Loan Agreement was signed by Mr. Liu Kun, the Minister of Finance of the ...
21 May2018
G20 Foreign ministers meeting

G20 Foreign ministers meeting

The G20 Foreign Affairs Ministers meeting under the Argentinian presidency in the fora was held in Buenos Aires on 20-21 May 2018. At the meeting the G20 foreign ministers addressed issues such as global governance and the role of international institutions. There was broad support for the three pri...
18 May2018
BRICS Youth Energy Dialogue explores energy transitions

BRICS Youth Energy Dialogue explores energy transitions

Energy security for all citizens in the developing world will no longer be a dream if BRICS countries have anything to do with it - as explained at the BRICS Youth Energy Dialogue held on 18 May 2018 at UWC.The University of the Western Cape (UWC), in partnership with the Student Representative Coun...
17 May2018
The G20 discusses the role of women in health

The G20 discusses the role of women in health

The second meeting of the G20 Health Working Group (HWG) under the Argentinian presidency in the fora was held on 17-18 May 2018 in Geneva on the margins of the World Health Organization’s 71st World Health Assembly. The meeting was attended by senior officials from G20 countries as well as delegate...
10 May2018
AIIB launches public consultation on Draft Transport Strategy

AIIB launches public consultation on Draft Transport Strategy

The Asian Infrastructure Investment Bank (AIIB) has launched public consultations on its Draft Transport Sector Strategy (in English) on 10 May 2018. The draft strategy outlines AIIB’s vision to develop sustainable and integrated transport systems that promote trade and economic growth in Asia. Many...
08 May2018
G20 promotes discussions towards an inclusive trade system

G20 promotes discussions towards an inclusive trade system

The G20 Trade and Investment Working Group meeting under the Argentinian G20 presidency was held in Buenos Aires on 7-8 May 2018. The meeting was attended by Jorge Faurie, Minister of Foreign Affairs and Worship of Argentina, and Francisco Cabrera, Minister of Production of Argentina.Senior official...
04 May2018
DG Azevêdo launches report on role of trade in advancing the Sustainable Development Goals

DG Azevêdo launches report on role of trade in advancing the Sustainable Development Goals

WTO Director-General Roberto Azevêdo met United Nations Secretary-General António Guterres today (3 May) to present him with a new WTO report on how trade is contributing to achieving the United Nations’ Sustainable Development Goals (SDGs). The meeting took place at the UN Chief Executives Board se...
03 May2018
New collaboration announced between IDB Group and NDB

New collaboration announced between IDB Group and NDB

On 3 May 2018, the Inter-American Development Bank (IDB), IDB Invest and the New Development Bank (NDB) announced that they have agreed to collaborate on areas of common interest and general cooperation. The memorandum of understanding (MOU) was signed in Washington, DC by Luis Alberto Moreno, Presi...
02 May2018
Second Sherpa meeting under the Argentinian G20 presidency was held

Second Sherpa meeting under the Argentinian G20 presidency was held

The second Sherpa meeting under the Argentine G20 presidency in the fora was held in Ushuaia, capital of the Argentine province of Tierra del Fuego on 2-4 May 2018. The meeting was also attended by the representatives of guest countries and international organizations, namely the Development Bank of...
02 May2018
AIIB approves membership of Papua New Guinea and Kenya

AIIB approves membership of Papua New Guinea and Kenya

The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has adopted resolutions approving two applicants to join the Bank, bringing AIIB’s total approved membership to 86. This round of approved applicants includes one regional (Papua New Guinea) and one nonregional (Kenya) prospective ...
30 April2018
The London Metals Exchange (LME) announced that it would require all producers to comply with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals

The London Metals Exchange (LME) announced that it would require all producers to comply with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals

The London Metals Exchange (LME) announced in April 2018 that it would require all producers to comply with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals (in English), for all metals traded on the LME. This will mean that 75% of metals traded will have to meet OECD due di...
25 April2018
W20 organized National Consultation and Debate Forum

W20 organized National Consultation and Debate Forum

Under the Argentinian G20 presidency the Women20 (W20) organized the National Consultation and Debate Forum in Buenos Aires. The event was attended by more than 200 representatives of civil society organizations, private and public sector of Argentina. At the meeting, attendees discussed the obstacl...
24 April2018
New Development Bank and India sign Project Preparation Fund contribution agreement

New Development Bank and India sign Project Preparation Fund contribution agreement

On 19 April 2017, the New Development Bank and the Ministry of Finance of the Republic of India signed Project Preparation Fund (PPF) contribution agreement. The Agreement was signed by Mr. Leslie Maasdorp, NDB Vice President, Chief Financial Officer and Mr. Virender Singh, Director (NDB), Departmen...
20 April2018
Asian Infrastructure Investment Bank and African Development Bank sign MoU to promote cooperation

Asian Infrastructure Investment Bank and African Development Bank sign MoU to promote cooperation

A Memorandum of Understanding to enhance collaboration on sustainable economic development was signed on April 18 by the Asian Infrastructure Investment Bank and the African Development Bank and formalized during the World Bank-International Monetary Fund Spring Meetings in Washington, DC. The manda...
18 April2018
BRICS Tax Authorities meeting under the SA presidency

BRICS Tax Authorities meeting under the SA presidency

The South African Revenue Service (SARS) hosted the BRICS heads customs authority meeting in Durban on 18-19 April 2018. It was preceded by a customs experts meeting at the same venue from 16 to 17 April 2018.“These meetings are part of government wide departmental meetings that forms part of the bu...
18 April2018
SA appoints head of regional BRICS bank

SA appoints head of regional BRICS bank

National Treasury on Tuesday announced it has appointed the head of the BRICS New Development Bank for the African Regional Centre on 10 April 2018.Monale Ratsoma, deputy director general of Treasury’s economic policy department, will lead the regional arm of the bank. His appointment is with effect...
18 April2018
G20 discusses climate sustainability

G20 discusses climate sustainability

The Working Group`s activities aim to elaborate a response to climate change, create long-term strategies and mechanisms for reducing greenhouse gas emissions and mobilize climate finance flows.Argentine Minister of the Environment & Sustainable Development Sergio Bergman made welcome remarks at...
13 April2018
AIIB invests $140m to improve rural connectivity in India

AIIB invests $140m to improve rural connectivity in India

Approximately 1.5 million rural residents in Madhya Pradesh, India, stand to directly benefit from improved livelihoods, education and mobility with the USD140-million loan approved by the Board of Directors of the Asian Infrastructure Investment Bank (AIIB). The project, cofinanced with the World B...
13 April2018
New Development Bank and International Finance Corporation sign agreement aimed at promoting co-financing of projects

New Development Bank and International Finance Corporation sign agreement aimed at promoting co-financing of projects

On 10 April 2018, the New Development Bank and International Finance Corporation (IFC) signed Accession Agreement to Amended and Restated Master Cooperation Agreement between IFC and international financial institutions. The Agreement was signed in Shanghai by Mr. Xian Zhu, NDB Vice President, Chief...
13 April2018
BRICS nations join forces to address common problems using advanced computing

BRICS nations join forces to address common problems using advanced computing

The second BRICS Working Group on ICT meeting under the South African presidency was held on 11-13 April 2018. The participants discussed an effective use of High Performance Computing (HPC) and Information and Communications Technology (ICT) in devising smart solutions for the numerous problems the...
13 April2018
Innovation and financing, two G20 proposals to transform education

Innovation and financing, two G20 proposals to transform education

The first official meeting the G20 Education Working Group under the Argentinian G20 presidency was held in Buenos Aires on 12-13 April 2018. The meeting was attended by senior officials from G20 member countries and invited guests as well as international organizations. The discussion focused on de...
10 April2018
Launch of ODA Figures 2017

Launch of ODA Figures 2017

The Organisation for Economic Co-operation and Development (OECD) published its analysis of global aid trends in Official development assistance (ODA) in 2017.According to OECD Secretary-General Mr. Angel Gurría, some progress has been achieved. In 2017, net ODA [by Members of the OECD Development A...
10 April2018
NDB to grant a $295m loan to Russia for water supply upgrade

NDB to grant a $295m loan to Russia for water supply upgrade

The Ministry of Construction and Housing of Russia has prepared all the necessary documentation for negotiating with the New Development Bank (NBR) — an international bank set up by the BRICS member states — to get a loan.This is what the press office of the Ministry told Construction.RU on Wednesda...
10 April2018
With inclusion as its focus, the G20 Development Working Group meets in Buenos Aires

With inclusion as its focus, the G20 Development Working Group meets in Buenos Aires

The G20 Development Working Group (DWG) meeting under the Argentinian G20 presidency was held in Buenos Aires on 9-10 April 2018 with the objective of promoting inclusive economic growth and placing a focus on strengthening peoples’ skills. The two-day meeting was attended by Carolina Stanley, Argen...
09 April2018
The Government of Canada takes concrete steps to reduce the environmental footprint of the G7 Summit

The Government of Canada takes concrete steps to reduce the environmental footprint of the G7 Summit

In an effort to limit the environmental impact of the G7 Summit in La Malbaie, Quebec, in June, the Government of Canada has entered into an agreement with the Corporation de la Réserve de la biosphère de Charlevoix to make this summit an environmentally responsible event.The Honourable Jean-Yves Du...
05 April2018
AIIB Adopts Strategy on Private Capital Mobilization

AIIB Adopts Strategy on Private Capital Mobilization

The Asian Infrastructure Investment Bank (AIIB) has released its "Strategy on Mobilizing Private Capital for Infrastructure" (in English) to further define the bank’s approach to making investment in emerging market infrastructure more attractive to private investors. The strategy presents AIIB’s l...
28 March2018
G7 Employment and Innovation Ministers prepare for jobs of the future

G7 Employment and Innovation Ministers prepare for jobs of the future

The G7 Employment and Innovation ministers meeting under the Canadian presidency in the fora was held in Montreal on 27-28 March 2018. The topic was Preparing for Jobs of the Future, discussion focused on how G7 countries can help workers get the skills, training and opportunities they need to succe...
28 March2018
BRICS Business Council 2018 midterm meeting held in Shanghai

BRICS Business Council 2018 midterm meeting held in Shanghai

On March 27, 2018, BRICS Business Council 2018 Midterm Meeting was held in Shanghai. About 250 delegates from the Council’s five national chapters and the New Development Bank (NDB) attended the event, where the rotating presidency of the Business Council in 2018 was officially handed over to the So...
27 March2018
W20 presents recommendations for gender equality in Argentina

W20 presents recommendations for gender equality in Argentina

The W20, the G20 engagement group that brings together women’s organizations, presented a series of concrete recommendations today at the W20 National Consulting Forum for “a more sustainable, equal and fair society.” They include measures that build “a roadmap for real economic development of women...
21 March2018
President of Russia Vladimir Putin had a telephone conversation with UN Secretary-General Antonio Guterres

President of Russia Vladimir Putin had a telephone conversation with UN Secretary-General Antonio Guterres

Vladimir Putin had a telephone conversation with the United Nations Secretary-General Antonio Guterres.Mr Guterres warmly congratulated Vladimir Putin on his victory in the presidential election.The discussion touched on current issues on the international agenda. With respect to developments in Syr...
19 March2018
Global economic leaders meet in Buenos Aires at the G20

Global economic leaders meet in Buenos Aires at the G20

Infrastructure financing, the future of work, and the technology behind cryptocurrencies will be on the agenda for G20 financial leaders at the First G20 Meeting of Finance Ministers and Central Bank Governors of 2018, on 19-20 March, at the Buenos Aires Exhibition & Convention Centre (CEC).22 f...
18 March2018
Chair sets out FSB priorities for the Argentine G20 Presidency

Chair sets out FSB priorities for the Argentine G20 Presidency

The Financial Stability Board (FSB) today published a letter from FSB Chair Mark Carney to G20 Finance Ministers and Central Bank Governors ahead of their meetings in Buenos Aires on 19-20 March. The letter notes that the current backdrop of strong and balanced global growth is underpinned by a resi...
16 March2018
W20 in the CSW62 of the United Nations

W20 in the CSW62 of the United Nations

Within the framework of the sixtieth second session of the Commission on the Status of Women (CSW62), the most important meeting of the United Nations on Gender Equality, W20 (Women20) presented the challenges facing rural women around the world.Susana Balbo, Chair of W20 Argentina, presented to the...
15 March2018
Executive Order on Organising Committee to prepare and support Russia’s Presidency at SCO in 2019–2020 and BRICS in 2020 published

Executive Order on Organising Committee to prepare and support Russia’s Presidency at SCO in 2019–2020 and BRICS in 2020 published

Vladimir Putin has signed the Executive Order on the Organising Committee to Prepare for and Support the Presidency of the Russian Federation in the Shanghai Cooperation Organisation in 2019–2020 and BRICS in 2020 (in Russian) on 15 March 2018.According to the document, Chelyabinsk will host the SCO...
14 March2018
G20 officials attend Argentina’s Expoagro agricultural technology show

G20 officials attend Argentina’s Expoagro agricultural technology show

Senior agriculture officials from G20 countries and international organizations visited Expoagro, one of the most important agricultural farming shows in Latin America, where they interacted with local officials and producers.Today in San Nicolás, Buenos Aires province, G20 officials were given a de...
13 March2018
G20 officials discuss how to achieve a sustainable food future

G20 officials discuss how to achieve a sustainable food future

Senior agriculture officials from G20 countries and international organizations are meeting in Rosario, Santa Fe province, to address public policies on sustainable soil management. The G20’s agriculture deputies are meeting in Rosario, Santa Fe to work on building a sustainable food future, one of ...
11 March2018
NDB and International Solar Alliance commit to deepen cooperation and promote solar energy

NDB and International Solar Alliance commit to deepen cooperation and promote solar energy

On 10 March 2018, the New Development Bank (NDB) and International Solar Alliance (ISA) signed in New Delhi, India a Joint Declaration for the Promotion of Solar Energy Globally.The Declaration was signed by Mr. K.V.Kamath, the NDB President and Mr. Upendra Tripathy, Interim Director General of ISA,...
08 March2018
Vision For Future: New Delhi Hosts BRICS Youth Parliament

Vision For Future: New Delhi Hosts BRICS Youth Parliament

The Youth Parliament was part of the three-day program called "Vision for Future" held under the South African BRICS presidency. The event was jointly organized by the BRICS International Forum and the International Federation of Indo-Russian Youth Clubs.Press-release at the SA BRICS presidency offi...
08 March2018
The G20 aims to cooperate to reduce excess capacity of steel

The G20 aims to cooperate to reduce excess capacity of steel

The Global Forum on Steel Excess Capacity (GFSEC) successfully concluded today its first meeting of 2018 in Paris, France. The aim of the forum is to address global excess capacity on steel markets by increasing information sharing and greater cooperation, and through the adoption of effective steps...

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