This photo taken on Jan. 31, 2023 shows the night view of Johannesburg, South Africa.
Photo shows the headquarters building of the New Development Bank (NDB), also known as the BRICS bank, in east China's Shanghai. (Photo courtesy of the New Development Bank) The New Development Bank (NDB) is a product of the further maturation of the BRICS cooperation mechanism: the initiative to set up a multilateral development bank was first put forward at the fourth BRICS leaders summit in New Delhi in India in 2012, and consensus was reached on at the sixth BRICS summit in Fortaleza, Brazil 2014.
Jim O'Neill, a renowned British economist Photo: Xie Wenting/GT Editor's Note: The 15th BRICS Summit will be held in Johannesburg, South Africa, from August 22 to 24, 2023. At this year's meeting, the feasibility of a common BRICS currency, the internationalization of the Chinese Yuan, the growth prospects of emerging economies such as China, and the role of the BRICS in global governance will be the focal points of discussion.
