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One Belt and Road Initiative growing stronger
Meliane Aida Ouedraogo, director of Melyana Consulting in Burkina Faso, believes African countries have long been exploited by their international partners under a flawed model that fails to benefit them.“Today’s cooperation should be built on a new foundation. We believe that the BRICS is an opportunity to create great openness,” she told RT.
BRICS – which previously comprised Brazil, Russia, India, China, and South Africa – has seen a major wave of expansion. Four more countries – Ethiopia, Iran, Egypt, and the United Arab Emirates – joined the group at the start of this year, and further additions are expected in the future.
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BRICS should create alternative international monetary system – envoy
The bloc’s members should work together to strengthen their economies, Ethiopian Ambassador Cham Ugala Uriat has told RT
It is vital for BRICS to create an alternative international monetary system, the Ethiopian ambassador to Russia, Cham Ugala Uriat, has told RT in an exclusive interview.
Uriat stated the bloc’s members should collaborate to enhance their economies and create a new alternative to the International Monetary Fund (IMF).
The Shanghai-based New Development Bank (NDB), established by the BRICS states and opened for business in 2015, should be strengthened so that it can “contribute to member states of BRICS,” the ambassador argued.