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The BRICS – Brazil, Russia, India, China and South Africa – agreed to create a infrastructure-focussed lender in July 2014 as an alternative to the World Bank [Xinhua]
Wang met visiting South African, Indian and Russian officials ahead of a BRICS foreign ministers’ meeting in Beijing.
In the bilateral meeting with South African Foreign Minister Maite Nkoana-Mashabane, Wang said the BRICS countries, faced with increasing uncertainties in the international situation, should unite more closely, Chinese agency Xinhua reported.
“It is expected that the meeting will focus on issues of shared global political and economic concern and deliberate on how the BRICS Forum can be strengthened to adequately respond to these,” a South African Foreign Ministry statement said on Sunday.
Wang also met Indian vice Foreign Minister Vijay Kumar Singh.
China and India are both major countries with great influence, and that they should boost cooperation in the BRICS, the Shanghai Cooperation Organization (SCO) and all other multilateral frameworks to make contribution to peace and stability in the region and the world at large, Wang told his Indian counterpart.
The annual BRICS summit will be hosted by China in the coastal city of Xiamen in September.
South Africa will assume the rotational BRICS chair in 2018.
The development bank set up by the BRICS will aim to lend $2.5 billion to $3 billion this year, its president K.V. Kamath said earlier this year, nearly double the amount the bank loaned last year.
TBP and Agencies
