BRICS News Digest for the previous week

Brazilian President to attend BRICS summit in Kazan

This was announced by the ambassador of the Latin American country to Russia

 

Brazilian President Luiz Inacio Lula da Silva will attend the next BRICS summit to be held in Kazan, the country’s ambassador to Moscow Rodrigo Baena Soares said.

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IMF raises Russia’s GDP growth forecast for 2024

The fund published its previous estimate for this indicator in January

The International Monetary Fund (IMF) has raised its forecast for Russia’s economic growth in 2024 to 3.2 per cent, according to the April review of the World Economic The fund forecasted the country’s GDP growth to 2.6 per cent in January.

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Indian authorities support programme to empower women entrepreneurs

It deals with government procurement

Indian authorities are actively promoting Womaniya, an initiative launched in 2019 to empower women entrepreneurs.

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Several million of new jobs are created in Chinese cities

The country’s authorities have published the relevant statistics for the first quarter

More than 3 million new jobs were created in Chinese cities and urban-type towns in the first quarter of 2024.

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South Africa’s foreign minister says further BRICS expansion should be well thought out

She outlined the advantages and main objectives of the association

BRICS member countries should think well about further expansion of the association

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Egypt looks into potential Chinese investment prospects for the proposed free zone in Alamein

Egypt wants to draw in more investment capital

China will invest in a free zone in New Alamein City, as per a meeting between Ye Dongsong, Chairman of the Hebei Provincial Committee of the Communist Party of China (CPC), and Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI).

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Iran prepares necessary infrastructure to service Russian cards

Implementation of the Russian payment system will take time

Iran is preparing the necessary financial infrastructure to work with the Russian payment system.

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Russian Prosecutor General proposes to set up permanent working group with colleagues from the UAE

Representatives of the Emirates’ supervisory authority have already started active work on the BRICS platform

Participation of representatives of the Prosecutor General’s Office of the United Arab Emirates (UAE) in BRICS and SCO events is valuable for the development of multilateral co-operation in the legal sphere.

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Sri Lanka’s Ambassador to Russia says Sri Lanka aspires to join BRICS+

The state delegation is attending a meeting of high representatives in charge of security issues

Sri Lanka intends to join BRICS+ in the near future, which will enable the country to ensure transport and food security, the country’s Ambassador to Russia Janitha Abeywickrema Liyanage said.

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Ethiopian authorities allow foreigners to participate in wholesale and retail trade

The new directive should help stabilise prices

Ethiopia’s Board of Investment recently adopted a directive that will allow foreign investors to participate in wholesale and retail trade.

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