But there's still room for the bank to improve itself in financing, according to experts. For example, the NDB should offer more financial aid to developing countries in Latin America to give them more options, said Bruno De Conti, economics professor at the University of Campinas in Brazil.
"This could help those countries to avoid some harsh requirements imposed by the IMF and the World Bank without losing chances of development," he said.
IMPLEMENTING G20 AGREEMENTS
While hosting a BRICS foreign ministers' meeting on the sidelines of a series of UN conferences in New York on Sept. 20, Chinese Foreign Minister Wang Yi said that with the support of the BRICS nations, the G20 Hangzhou summit was a success and provided ample direction for the future development of the world economy.
He urged BRICS nations to take the lead in implementing the agreements reached at the G20 summit while remaining an engine for global economic growth.
The G20 Hangzhou summit has endorsed a 2030 action plan for sustainable development and proposed an initiative to support industrialization in Africa and the world's least developed countries.
The BRICS bloc should urge the developed world to deliver on its promises to developing countries, helping them reach development goals, Wang said.
"Coming soon after the G20 meet in Hangzhou, which gave a great brainstorming opportunity to BRICS leaders, the Goa summit should be able to rejuvenate the spirit of BRICS with several new initiatives and announcements in various sectors," Singh said.
【国内英语资讯:Spotlight: G20 Hangzhou summit offers impetus to BRICS greater role in global economic gov】相关文章:
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