Published: Mon, October 17, 2016
Culture | By Antonia Gonzales

BRICS nations vow to speed global recovery

Presidents Xi Jinping of China, Vladimir Putin of Russia, Michel Temer of Brazil and Jacob Zuma of South Africa, and their host, Indian Prime Minister Narendra Modi, also vowed in the declaration to tackle the global economic slowdown and reform the world's financial architecture. And in the evening, at the BRICS-BIMSTEC summit, he said, "Terrorism is Pakistan's favourite child".

She emphasised on collaboration between the higher education and research institutions in the lower-income countries and the BRICS institutions, which she says lead the world by bringing life-saving solutions and inventions.

It said, "We express our concern that political and security instability continues to loom in a number of countries that is exacerbated by terrorism and extremism". "Growth is strong and we are taking steps to keep the momentum going", he further added. And, against which we as Brics need to stand and act together.

Prime Minister Narendra Modi on Sunday urged the BRICS Business Council to work closely with the New Development Bank (NDB) on identifying and implementing prospective economic projects.

Leaders of the BRICS-BIMSTEC countries were on Sunday unanimous in condemning terrorism and supported India's calls for intensified joint efforts to combat the menace.

However, Pakistan foreign ministry was not available for immediate reaction on this comment.

"I firmly believe that the simultaneous development of Brazil, Russia, China, South Africa and India is the best bet for global growth and development", Modi told leaders at the summit venue in Benaulim, a town in the western state of Goa. PM Modi indirectly attacked Pakistan on its support to terrorism.

The Prime Minister also applauded the work done by New Development Bank over the previous year and asked the lender to work closely with the Brics Business Council for identifying and implementing large infra projects which can help transform the economies and the lives of the poor.

The BRICS leaders had donned brightly coloured sleeveless jackets, of a style made popular by India's first post-independence leader Jawaharlal Nehru, for an informal dinner on Saturday evening.

Asserting that selective approaches to terrorist individuals and organizations will not only be futile but also "counter-productive", Modi said there must be no distinction based on "artificial and self-serving grounds".

The sponsors of terrorism were "as much a threat to us as the terrorists themselves", Modi said in his closing remarks to reporters after a two-day BRICS summit.

"In this respect, we need to deepen the security cooperation between our National Security Advisors". "We are united in our belief that terrorism and its supporters have to be punished, not rewarded", he said.

Modi has also been using the summit to attempt to isolate India's arch-rival Pakistan following a surge in tensions between the nuclear-armed neighbours.

Our response to terrorism must, therefore, be nothing less than comprehensive.

Hasina also said that a sizable part of the population in the bloc were grappling with challenges posed by poverty, sanitation, climate change and appealed to Brics nations to partner with them for collective benefit.

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