Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time

Highlights of 4th BRICS Summit

Delhi,Diplomacy,Business/Economy, Thu, 29 Mar 2012 IANS

New Delhi, March 29 (IANS) Key outcomes of the Fourth BRICS Summit as reflected in the Delhi Declaration:

 

1) Global governance reforms: BRICS leaders pitch for reform of global governance institutions, including the UN, the International Monetary Fund (IMF) and the World Bank.

 

2)Global economic recovery: BRICS leaders support closer coordination for balanced and sustained global economic recovery.

 

3)Development Banks of BRICS countries sign two pacts for boosting intra-BRICS trade. BRICS to set up Exchange Alliance, a joint initiative by related BRICS securities exchanges.

 

4)Development Bank: Leaders agree to explore the setting up of a BRICS-led South-South Development Bank. It will promote mutual investment and fund infrastructure projects in BRICS and developing countries.

 

5) IMF quota reforms: Pitch for greater representation of developing countries and emerging economies in the IMF by speeding up quota reforms.

 

6) Back a "merit-based selection-process" for the heads of the IMF and the World Bank, posts reserved customarily for a European and an American respectively.

 

7) Iran: Cautions the West against allowing the Iranian situation to escalate into conflict. Backs dialogue to resolve the Iranian nuclear impasse.

 

8) Syria: Backs a Syria-led democratic transition. BRICS voices "deep concern" over Syria and calls for "an immediate end to all violence and violations of human rights" and backs a Syrian-led political process.

 

9) Backs speedier resolution of the Arab-Israeli conflict and the creation of an independent Palestine co-existing with Israel.

 

10) Step up joint efforts for successful conclusion of the Doha Round of multilateral trade negotiations.

 

11) Jointly help in the development and resurgence of Africa.

 

12) Backs green economy and agree to closer coordination on global climate change negotiations

 

13) Adopts an all-encompassing action plan that includes, among other things, meetings of foreign ministers on sidelines of the UN and meetings of Finance Ministers and Central Bank Governors on sidelines of G20 meetings/other multilateral meetings.

 

14) Identify new areas of cooperation that includes multilateral energy cooperation within BRICS framework, a general academic evaluation and future long-term strategy for BRICS; BRICS Youth Policy Dialogue; and Cooperation in Population related issues.

 


LATEST IMAGES
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.