国内英语资讯:Spotlight: BRICS summit boosts confidence in global economic growth_时事

国内英语资讯:Spotlight: BRICS summit boosts confidence in global economic growth

The just-concluded BRICS summit has boosted confidence in global economic growth, said close watchers of the bloc, who also hailed China's contribution to the summit's success.

Leaders of the BRICS nations -- Brazil, Russia, India, China and South Africa -- met in the western Indian state of Goa on Oct. 15-16 for the group's 8th summit.

Roberto Jaguaribe, president of the Brazilian Trade and Investment Promotion Agency, said BRICS' impact on global governance should be viewed from two aspects.

Firstly, BRICS members are all developing countries, and they represent a large number of developing countries in Asia, Africa and Latin America, Jaguaribe noted, stressing that strengthened cooperation among BRICS members will break new ground for South-South cooperation.

Secondly, BRICS represents 40 percent of the world's population and 25 percent of global GDP, Jaguaribe said, adding the pledge by BRICS to promote balanced and inclusive growth would bring hope to countries hoping to boost their moribund economies.

The bloc has pledged continued contributions to global institutions and growth, especially regarding the New Development Bank (NDB) and the initiation of the BRICS Contingent Reserve Arrangement (CRA), which has has beefed up the global financial safety network.

Koh Chin Yee, CEO of Longus Research Institute, Singapore, said that the NDB and the BRICS CRA could help BRICS members create a new model of cooperation among developing countries to better help cope with future financial turbulence.