The eighth BRICS Summit to be held in India in October is expected to focus on the creation of smart cities, says South Africa’s Minister of International Relations and Co-operation, Maite Nkoana-Mashabane.
BRICS member countries — Brazil, Russia, India, China and South Africa — are working towards the development of these projects which will be funded by the new BRICS Bank.
In less than two years BRICS already has a functional bank, the New Development Bank (NDB), formerly referred to as the BRICS Development Bank, which is already offering loans to member States and appears to be doing well on developmental projects tof interest to its members.
Nkoana-Mashabane said here Tuesday: “As we go to Goa in India which will be hosting the BRICS Summit, we are focusing on new smart cities. Each country will have to present a precinct that will form a smart city.”
While BRICS has been described as a silent voice for the voiceless by developed countries, it is also working closely with business. “We are working with the BRICS Business Council to identify possible projects that will keep our countries going,” said Nkoana-Mashabane.
Meanwhile, BRICS leaders are also expected to meet on the sidelines of the Group of 20 (G20) summit in Hangzhou, in eastern China, on Sept 4 and 5, providing them with an opportunity to reflect on issues of peace and security globally.
Source: NAM NEWS NETWORK