Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



India supports BRICS expansion, Brazil not enthusiastic
Published in Daily News Egypt on 23 - 08 - 2023

Johannesburg — India has expressed its full support for the expansion of the BRICS group, while Brazil is not as enthusiastic about the idea.
The comments from Indian Prime Minister Narendra Modi came at the second day of the BRICS summit in Johannesburg. He said that India would welcome moving forward with consensus on the expansion.
Russia and China are championing the expansion, with South Africa also in support. However, analysts have suggested that India and Brazil, which traditionally put non-alignment at the core of foreign policy, may not be as keen on the idea.
South African officials say more than 40 countries from the Global South have shown interest in joining BRICS, with more than 20 making formal requests to join.
Brazil's President Luiz Inacio Lula da Silva said on Tuesday that the grouping should not seek to rival the United States and G7 economies. He was thought to be the main holdout to expansion, because of fears it would dilute the group's influence.
Lula called the International Monetary Fund (IMF) loans as "suffocating" and hinted at the possibility of the BRICS bank increasing lending to other countries with "different criteria" to stimulate their economies.
"We want BRICS to be a multilateral institution, not an exclusive club," Lula said. Any new members would need to meet certain conditions, so the group does not become a "Tower of Babel", he said.
The other BRICS leaders, South Africa's Cyril Ramaphosa, China's Xi Jinping, and Russia's Vladimir Putin, also spoke at the summit.
Ramaphosa focused on partnerships with Africa and how BRICS could put the continent's interests on the agenda. He also said an announcement would be made with regard to proposed changes the grouping hopes to implement related to the international financial system.
Putin criticized "ongoing neocolonialism" and countries that promote their own hegemony. He also said Russia is open to dialogue to find a resolution to the war in Ukraine.
Lula said that BRICS countries are ready to join efforts to seek an immediate ceasefire in Ukraine. He also highlighted other conflicts that he said do not receive the attention that they should. "All deserve to live in peace," he said.
Xi said he was glad that so many countries are enthusiastic about possibly joining BRICS. He also highlighted the importance of stability and certainty, and said there was a need to deepen cooperation to build growth. He criticized a new "Cold War mentality" across the globe, and said that countries should "respect all modernisation paths" that individual nations choose for themselves.
Ramaphosa reiterated that "development is not a privilege of the few," saying the BRICS group should remain united and also play a key role in working to stabilize the world.
Meanwhile, Egypt's Prime Minister, Mostafa Madbouly, arrived on Wednesday at Oliver Reginald Tambo International Airport in Johannesburg, South Africa, to participate on behalf of President Abdel Fattah Al-Sisi in the 15th summit meetings. The summit is being held under the formula "BRICS Plus", under the title "BRICS and Africa: Partnership for Accelerated Growth, Sustainable Development and Multilateral Comprehensive Action".
The Prime Minister is scheduled to deliver a speech on behalf of Egypt at the high-level dialogue session on Thursday. He is also expected to participate in discussions in some of the other sessions, in addition to holding meetings with representatives of companies.


Clic here to read the story from its source.