He added that reforms in the existing structure such as the World Bank and the International Monetary Fund have been very slow, which lead to the creation of new and alternative structures including the NDB.
In terms of finance, the bank plays a critical role in generating new sources of funding for projects in infrastructure and sustainable development, "not only in BRICS countries, but other countries as well," Sidhu noted.
When asked what the other areas the group can work together in the future, the professor called for more cooperation in climate change, cyber security, trade, energy and counterterrorism issues.
He said that once the bilateral differences between BRICS countries be resolved, the summit could really "open up the opportunity to take BRICS to a new level to make it a very important multilateral player."
"BRICS can come to a second blossoming (after 10 years since it was founded), I'm very optimistic," he added.
【国内英语资讯:Interview: BRICS Summit good opportunity to expand cooperation among member countries】相关文章:
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2020-09-15
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