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June 2017
21 June
Rossiya 24 Televised Debate

BRICS PARTNERSHIP – THE POTENTIAL AND LIMITATIONS IN GLOBAL STEWARDSHIP

11:45-13:00 Pavilion 4, Conference Hall 4.3
The BRICS economies account for 45 per cent of the world’s population, a quarter of the world’s wealth, and in recent years two thirds of global growth. By collaborating closely these emerging economic powers can offer strategic vision and bring stability in managing global economic and financial affairs. However, creating the mechanisms for cooperation is not without challenges and their respective agendas are not always aligned. What is the potential, and what are the limitations, for a new era of BRICS leadership in managing the global economic agenda? What political aims can individual BRICS economies achieve through an integrated approach to resolving common economic challenges?
Moderator:
Evelina Zakamskaya, Anchor, Rossiya 24
Panellists:
Helen Clark, Administrator of the United Nations Development Programme
Kirill Dmitriev, Chief Executive Officer, Russian Direct Investment Fund (RDIF)
Gustavo Franco, Chief Strategist, Chairman of the Board, Rio Bravo; Economist, President of the Central Bank, Brazil (1997–1999)
Anand Sharma, Minister of Commerce and Industry of the Republic of India
Sergey Storchak, Deputy Minister of finance of the Russian Federation
Mark Weinberger, Global Chairman and CEO-elect, Ernst & Young
Gao Xiqing, Vice Chairman, President, China Investment Corporation
Front row participants:
Maxim Arefyev, Director, Russian Direct Investment Fund (RDIF)
Seung Ho ‘Sam’ Park, Chair Professor of Strategy; President, SKOLKOVO Institute for Emerging Market Studies (SIEMS)

Highlights

The BRICS economies have similar opportunities and complexities and so a coordinated solution is required in order to resolve their issues.

Kirill Dmitriev
Chief Executive Officer, Russian Direct Investment Fund (RDIF)

(Regarding the establishment of a BRICS bank) We are at the beginning of the journey … I think it is quite sensible to aim to have it working by approximately 2015.

Sergey Storchak
Deputy Minister of finance of the Russian Federation

Over the past few years of cooperation we have found it a lot easier to deal with many of the investment issues in Russia than in most other countries.

Gao Xiqing
Vice Chairman, President, China Investment Corporation

Ultimately, economic wellbeing collectively is what will keep the BRICS together.

Mark Weinberger
Global Chairman and CEO-elect, Ernst & Young

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