BRICS Development Bank expected to improve cooperation: Brazilian envoy

March 22, 2013

Africa, International

BRICS Development Bank expected to improve cooperation: Brazilian envoy


ADDIS ABABA — Establishing a Development Bank of BRICS to enhance cooperation is eye-catching at the March 26 summit of the five emerging economies in Durban, South Africa, according to Isabel Christina Heyvaert, Brazilian ambassador to Ethiopia. In an exclusive interview with Xinhua on Thursday, the ambassador said the BRICS summit would be deliberating on various issues including health, infrastructure, agriculture, energy and climate change.

“One of the hot issues that are going to be discussed in Durban now for the next conference is the creation of bank of development of BRICS. The idea is to create fund to improve the cooperation with the developing countries.

“Of course it is going to enlarge very much the cooperation of these five countries with the all developing countries,” she said, in reference to the grouping of China, India, Russia, Brazil and South Africa.

According to the ambassador, members of BRICS share experiences in various sectors with other countries.

Brazil is has been successful in the agriculture sector and is willing to share its experience with the developing countries.

Asked about cooperation between China and Brazil, the ambassador said the two countries work together in areas including advanced technology, agriculture, health and research and could further strengthen their relations.

“There are many areas where we can work together, as in the sectors of agriculture of high technology. Concerning the latter, China is very much advanced.

“To give an example, Brazil and China signed, last year, a 10- year Agreement of Cooperation in the field of Spatial Cooperation. The length of the agreement is considered, by the analysts, to be unique and exceptional in this sector of cooperation. One of the concrete results of this partnership is the coming launch of the Satellite CBERS-3, in Brazil.

“Our countries also signed, in 2012, the protocol on the financing sector, that allows both countries to swap money, through the creation of a 30-billion-dollar Fund.

“This initiative should be extended to the other BRICS member. The ministers of health of the BRICS countries have been discussing cooperation, particularly transfer of technology and the role of generic medicines.

“Those are only few examples, but there are much more BRICS initiatives on the go, showing that we can establish a very positive and constructive relation,” she told Xinhua.
Video: COSATU will convene summit of trade unions alongs side the Heads of State BRICS summit in Durban



The Congress of South African Trade Unions (COSATU) was launched in December 1985 after four years of unity talks between unions opposed to apartheid and committed to a non-racial, non-sexist and democratic South Africa. At our launch we represented less than half a million workers organised in 33 unions. We currently have more than two million workers, of whom at least 1.8 million are paid up. Even by international standards we have been among the fastest growing trade union movements in the world. Today when most trade unions are facing a decline in membership, we have continued to grow.

Our main broad strategic objectives have always been:
• To improve material conditions of our members and of the working people as a whole.
• To organise the unorganised
• To ensure worker participation in the struggle for peace and democracy Principles
• From its inception, the federation is based on the following core principles:

Non-racialism – COSATU rejects apartheid and racism in all its forms. We believe that all workers, regardless of race, should organise and unite. Now more than ever before we need to bury the apartheid legacy.

Worker control – COSATU believes that workers must control the structures and committees of the federation. This approach aims to keep the organisation vibrant and dynamic, and to maintain close links with the shop floor. We have programmes to develop work er leadership, especially women, within the trade unions and the country as a whole. Through training we have been able to build and empower ordinary workers. We try to develop the skills and abilities of those most disadvantaged by apartheid. We want work ers to be equipped to determine their own future in the country and in the economy. In a country where women have been highly oppressed, we are determined to strive for gender equality and women leadership.

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