Johannesburg south africa will host the 10th summit of the brics bloc which groups brazil russia india china and south africa. Brics is the acronym coined for an association of five major emerging national economies.
25 to 27 july 2018 venue.
Brics bank 2018. Eskom which on. Our mission is to deliver reliable latest and breaking news opinion and expert analysis from the five brics countries. The president of the brics new development bank kv kamath is seen with president jacob zuma malusi gigaba and maite nkoana mashabane during the launch of the bank at the african regional centre.
At the summit the bric nations agreed to create the us100 billion new development bank ndb to allow states to pool resources for economic stabilization. The 2018 brics finance ministers and central bank governors outcomes. It is the first time sa is hosting the meeting which aims to help the bank better leverage investment in sustainable infrastructure development.
In addition to the five brics leaders cristina fernandez de kirchner president of argentina was invited to join the proceedings. The brics post is an international news and views website. Chinese president xi jinping 2nd l brazilian president michel temer 1st r russian president vladimir putin 2nd r indian prime minister narendra modi 1st l and south african president cyril ramaphosa pose for a group photo during the plenary session of the 10th brics summit in johannesburg south africa july 26 2018.
The brics summit is scheduled for 25 to 27 july 2018. Brazil russia india china and south africaoriginally the first four were grouped as bric or the brics before the induction of south africa in 2010the brics members are known for their significant influence on regional affairs. The new development bank ndb plans to lend as much as 780 million to eskom for infrastructure projects this year as the ailing power utility battles to keep power supply steady.
Ambassador anil sooklal south africas brics sherpa during the brics stakeholder roundtable on the 29th january 2018 in pretoria. South africa will be hosting the 4th annual meeting of the brics new development bank in cape town next week. All are members of g20.
The 6th brics summit was narendra modis first major international summit as prime minister of india.