Transforming the grouping of emerging market nations known as the ‘BRICs’ — which comprises of Brazil, Russia, India, China, and South Africa — into “a full-scale mechanism of strategic cooperation in global policy and economics” will be a top priority for Russia’s presidency of the group this year, the leader of Russia’s parliamentary lower house said on Friday, TASS reports.
Sergey Naryshkin, the Chairman of Russia’s State Duma told a discussion group on Russia-India cooperation within the assembly of Brazil, Russia, India, China and South Africa that “Our priority is to achieve strategic solutions to the full range of issues of mutual interest — from combating terrorism and the drug threat to public health services and agriculture.”
In the financial arena, “Russia waits for the new BRICs development bank to start working,” the lawmaker said. “A strategy for economic partnership of BRICs nations and an investment cooperation roadmap may serve as a guide for the bank,” he said, adding that Russia placed particular importance to “strengthening cooperation of the countries in promoting reform of the international monetary and financial system”.
Naryshkin said that the BRICs are “a promising format which has already proved its viability,” Naryshkin said, noting the importance of dialogue and cooperation in the modern “multifaceted and multipolar” world, when “growing global distrust has become a real threat”.