Latest news with #KazanDeclaration
See - Sada Elbalad
13 hours ago
- Business
- See - Sada Elbalad
Vietnam Joins BRICS as Partner Country
Yara Sameh The Brazilian Ministry of Foreign Affairs has announced Vietnam's accession to BRICS as a partner. This was reported on the official website of the Brazilian Presidency in BRICS, according to TV BRICS. "Vietnam becomes the tenth BRICS partner country, alongside Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan," the statement said. It was emphasised that Vietnam is a country with a population of almost 100 million people and a dynamically developing economy that is integrated into global value chains. The country shares with BRICS participants a commitment to an inclusive international order, the ministry added. Vietnam is also a member of the Association of Southeast Asian Nations (ASEAN). The category of BRICS partner countries was introduced at the 16th summit of the association in October 2024. All group's states supported this decision in the Kazan Declaration . read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
Malaysian Reserve
30-04-2025
- Business
- Malaysian Reserve
BRICS countries support use of nationals currencies in trade, financial settlements
RIO DE JANEIRO — Top diplomats from the BRICS nations supported the use of national currencies in trade and instructed finance ministers and Central Bank governors to elaborate relevant mechanisms, according to the declaration adopted after their meeting in Rio de Janeiro, Russian News Agency (TASS) reported. 'The Ministers underscored the importance of the enhanced use of local currencies in trade and financial settlements between BRICS countries and their trade partners. They recalled the paragraph 66 of the Kazan Declaration tasking the Finance Ministers and Central Bank Governors, as appropriate, to continue consideration of the issue of local currencies, payment instruments and platforms,' the document reads. 'The Ministers emphasised the need for a comprehensive reform of the global financial architecture to enhance the voice of the developing countries and their representation in the international financial institutions,' it says. 'They reaffirmed the call to ensure that the reform of the International Financial Institutions would focus on increasing the scale of finance and enable simplified access to resources, especially to developing and least developed countries,' it says. They reaffirmed the Group of Twenty's important role as 'the premier forum for international economic cooperation that comprises both emerging and developed economies.' 'The Ministers also acknowledged the importance of strengthening international cooperation in the critical mineral sector, including through downstreaming industrial policy, technology transfer, and sustainable practices, to ensure that these resources contribute to inclusive and equitable development, particularly for source countries,' according to the declaration. — BERNAMA-TASS
