The Global Economic Governance (GEG) Africa programme is a policy research and stakeholder engagement programme to strengthen the influence of pro-poor African coalitions at global economic governance fora.

EVENTS

The Global Economic Governance (GEG) Africa programme engages with key stakeholders, to ensure that African views are included in our research and that our findings are widely disseminated and discussed. Our events include scoping workshops with African policy makers, business representatives and multilateral institutions, study groups to consult on policy recommendations and positions and representation, and media activities around GEG fora such as BRICS and G20 summits.

  • Location Durban University of Technology, South Africa

More details to follow on the official website: www.brics5.co.za.

  • Location Durban, South Africa

You are invited to join us in a BRICS public policy dialogue
“Tackling inequalities across BRICS: The Brazilian experience in addressing poverty, hunger and inequality”

Oxfam invites you to join us in a BRICS public policy dialogue: “Tackling inequalities across BRICS: The Brazilian experience in addressing poverty, hunger and inequality”
A finger lunch will be served after the dialogue.
To facilitate catering, please RSVP to Busi Nyume, bnyume@oxfam.org.uk by 12 March 2013
For media enquiries please contact Rulleska, rsingh@oxfam.org.uk
Please forward this invitation to others in your network

Date: Thursday, 14 March 2013 from 10:00am to 12:00 noon
Venue: Coastlands on the Ridge, Peter Mokaba Road, Durban
RSVP: Busi Nyume, bnyume@oxfam.org.uk by 12 March 2013
Moderator: Duncan Green, Senior Strategic Advisor, Oxfam Great Britain
Speakers: Simon Ticehurst, Country Director, Oxfam (Brazil), Adriana Abdenur, General Coordinator, BRICS Policy Center (Brazil), Isobel Frye, Director, Studies in Poverty and Inequalities Institute (South Africa), Other speakers from Russia, India, and/or China to be confirmed.

Tuesday, 05 March 2013 11:12

BRICS countries seek “virtual secretariat”

Written by

At the fifth BRICS summit to date, and the first to be held on the African continent, the leaders of Brazil, Russia, India, China, and South Africa will discuss the creation of a new Development Bank and a “virtual secretariat”. The hosts of the summit also plan to acquaint the other BRICS members with African issues.

The agenda of the BRICS summit, which will be held on March 26-27 in Durban, South Africa, particularly highlights last week’s talks between Russian Foreign Minister Sergei Lavrov and his South African counterpart Maite Nkoana-Mashabane.

It is known that one of the priority issues to be discussed by the leaders of the five-nation club is the creation of a BRICS Development Bank.

At a joint press conference on February 12, asked if Russia was in favor of such a structure, Lavrov replied: “The fact that the idea is being actively framed in preparation for the summit speaks for itself. It is being specifically addressed by the BRICS finance ministers, who will meet in Moscow on February 15, after which there will be more clarity on the matter.”

In addition, the leaders of the “five” will use the summit to discuss the creation of a permanent business council and a scientific research center under the BRICS aegis.

Also on the table will be the creation of a so-called BRICS “virtual secretariat.” Most likely, it will be an online resource to host materials on BRICS activity and enable officials to correspond with each other on pressing matters.

“The BRICS organization plays a very important role in guaranteeing the interests of each member country and other developing economies within the framework of reforming the international monetary and financial system. It is my expectation that the documents and agreements being prepared ahead of the Durban summit will allow us to make considerable progress in this direction,” said Lavrov.

He also said that Russia supported the “logic of our South African partners to brief the other BRICS members on a range of problematic issues for Africa as a whole.”

He also stated that Russian President Vladimir Putin would take part in the summit in Durban.

Russian Deputy Foreign Minister and BRICS Sherpa Sergei Ryabkov told RIR that the decision to hold the fifth meeting of the organization in South Africa had been made at the previous summit in March 2012 in New Delhi.

“That top-level summit adopted the Delhi Declaration, the main document that unites Brazil, Russia, India, China, and South Africa,” Ryabkov said. “It contains 50 clauses on global stability, security, and prosperity and a message to the world outlining the organization’s commitments. All of them are of fundamental importance as to the reasons and ambitions that lie behind the decision to unite our five emerging economies.”

A year ago, observers noted a decision on trade and economic relations that sought to reject the dollar in bilateral trade. But in the words of Ryabkov, rejecting the dollar is not yet a viable option.

“The task ahead of us is to phase in national currencies in mutual settlements gradually,” he explained.

Speaking to RIR, Vladimir Davydov, director of the Institute of Latin America under the Russian Academy of Sciences (RAS), corresponding member of the RAS, and member of the BRICS think tank, said that any talk of serious cooperation between the five nations was still premature.

“On the eve of their fifth summit, I think the BRICS countries have done everything necessary for the first step, but there remains a lot more to do. First of all, it cannot be said that the BRICS countries have managed to define the organization’s institutional model. Second, there is a lack of clarity regarding the position of the BRICS members in various core institutions of global governance. Third, there has yet to be established a set of mechanisms to regulate multilateral cooperation in the fields of economics, technology, and science,” remarked Davydov.

Furthermore, the BRICS do not see eye to eye on everything. For example, some are keen to discuss the issue of reforming the UN Security Council, while others are more interested in setting up a Development Bank. But despite the wide-ranging agenda, there is a clear dynamic for growth and cooperation. It is in this vein that preparations for the Durban summit are being made.

It is worth noting that in the midst of preparing for the BRICS summit in South Africa, U.S. bank Goldman Sachs has announced departure of 55-year-old economist Jim O’Neill as chairman of the asset management board. Twelve years ago, it was he who came up with BRIC as an acronym for Brazil, Russia, India, and China, the world’s largest emerging economies.

In addition to its economic purport, the term quickly acquired political meaning: the BRICs had a sense of commonality that they felt allowed them to compete with the U.S. and the EU.

The Financial Times links O’Neill’s departure to his department’s poor recent performance.

This article was originally published in the Russia and India report, via the Trade Law Centre (tralac).

  • Location Moscow, Russia

On March 3-4, 2013 the Second Sherpas' Meeting will be held in Moscow within the framework of Russia's G20 Presidency.

During the meeting Sherpas will discuss the main outcomes of the first Finance Ministers and Central Bank Governors' Meeting, which was held on February 15-16, 2013. Sherpas will consider such issues as implementation of the Framework for Strong, Sustainable and Balanced Growth; financing for investment; reform of international financial architecture; financial regulation; and impact of structural reforms on growth.

In the course of the meeting there will also be presented reports on the results of the working groups' meetings held recently - Energy Sustainability Working Group (ESWG), Task Force on Employment (ETF), Anti-Corruption Working Group (ACWG) and Development Working Group (DWG).

The G20 Sherpas will be also addressed by the representatives of Business 20, Civil 20, and Youth 20 who will elaborate on the working program of their respective outreach formats in 2013.

Finally, Sherpas will discuss the preparatory process for the Saint-Petersburg Summit.

Meeting venue: Radisson Royal Hotel Moscow

 

Finance ministers and central bank heads from the G20 group of the world's biggest advanced and developing economies gather on Feb. 15-16 in Moscow, under Russia's 2013 presidency.

With the United States, Britain, the European Central Bank and Japan all resorting to unconventional monetary levers to revive their economies, the spillover of such policies and their exchange rate effects will certainly be on the agenda

For details of accreditation, visit the G20 website.

  • Location Johannesburg, South Africa

The GEGAfrica project is offering an introductory briefing for journalists within South Africa on the upcoming BRICS Summit 2013.

Based on discussion and feedback from editors of key media outlets, the half-day briefing will be of practical, professional use to selected journalists attending. Both off-record, background sessions and on-record, reportable discussions with key individuals from government, academia, civil society and business.

More information about the briefing will be circulated to targeted journalists closer to the date. If you are a journalist or editor wishing to participate, please contact media@saiia.org.za">media@saiia.org.za.

  • Location Beijing, China
Tuesday 12 February, Beijing, China.
 
The EU delegation, headed by Commission President Jose Manuel Barroso, European Council President Herman van Rompuy and Trade Commissioner Karel de Gucht, meets the Chinese delegaion, headed by Premier Wen Jiabao. The EU-China summit demonstrates the ambition of the EU to strengthen its relationship with China. Among the points of discussion are the EU-China partnership, economic situation of both parties, investment relationship, global changes, international issues, etc.
 

Moreover, the goal of the summit is to launch new cooperation projects between the EU and China: a China-EU partnership on sustainable urbanisation; an EU-China high-level people-to-people dialogue and reinforced cooperation on energy.

Visit the official website.

  • Location Davos-Klosters, Switzerland

Davos-Klosters, Switzerland 23-27 January: Resilient Dynamism

For over 40 years, the mission of the World Economic Forum – committed to improving the state of the world – has driven the design and development of the Annual Meeting programme. The Annual Meeting remains the foremost creative force for engaging leaders in collaborative activities focused on shaping the global, regional and industry agendas. 

Today, we live in the most complex, interdependent and interconnected era in human history. We are increasingly confronted by major adaptive challenges as well as profound transformational opportunities. This new leadership context requires successful organizations to master strategic agility and to build risk resilience. More broadly, it requires fostering resilient dynamism in every sector of society. Consequently, “Resilient Dynamism” is the focus of the World Economic Forum Annual Meeting 2013, aiming to catalyse and facilitate global, regional and industry transformation as a trusted partner of our members and constituents.

For more information, visit the official website.

  • Location Pretoria, South Africa

A special briefing on the upcoming BRICS Summit in South Africa, for diplomats based in South Africa. This briefing will be held by the GEGAfrica project and SAIIA.

As South Africa prepares to host the fifth annual BRICS Summit from 26 to 27 March 2013 in Durban, policymakers in both the developed and developing world will be considering the likely impact of these emerging actors on the international world order. Over the last 6 years the BRIC Forum has evolved into a political and diplomatic grouping, with South Africa joining the bloc in December 2010 to form the BRICS.

While the impact of BRICS is yet to be determined, it has begun to operate as a forum for discussion of various issues with relevance to Africa and its place in the world.

This briefing is intended to provide general information in advance of Summit preparations, drawing on expertise from within SAIIA as well as inviting recognised experts on these issues to contribute.

This is a closed event, by invitation only.

What is the best response to the continuing financial crisis, stimulus or austerity? Will the Euro hold together as a currency zone? Olivier Blanchard, Economic Counsellor and Director, Research Department, International Monetary Fund (IMF), joins David Welch, podcast host and CIGI Chair of Global Security, to address these questions and offer a broader discussion of the current challenges facing the global economy. Blanchard notes that stability in the euro zone will rely on the reestablishment of competitiveness and fiscal adjustment, although it will be much more difficult for some countries than for others. The conversation moves on to consider the looming "fiscal cliff" in the U.S. along with the potential global consequences of slowing Chinese growth.

Media

  • Location Moscow, Russia

The Think 20 Meeting took place in Moscow on December 11 as part of Russia's G20 presidency. Representatives of leading global think tanks exchanged opinions on the most important issues on the global economic agenda.

Kseniya Yudaeva, Russia's G20 Sherpa, focused her opening remarks on the important role that think tanks play in maintaining contacts between the expert community and government officials and supporting an ongoing exchange on how to make the work of the G20 more effective, as well as outlining the most important priorities for the current and future work of the group.

She also said that the focus of the meeting, Fostering Economic Growth and Sustainability, reflects the main goals that the G20 has been working to achieve from the very start: studying the main reasons behind the economic crisis and finding ways for initiating a recovery.

Some of the ideas proposed by the experts during the Think 20 Meeting will be included in the agenda for the December 12 G20 Sherpas' Meeting, Yudaeva said. She spoke about the plans and priorities of Russia's G20 presidency.

The G20 Finance Track will be based on the traditional G20 agenda during the year of Russia's presidency, Deputy Finance Minister Sergey Storchak said. It will continue focusing on issues raised over previous years. He also informed the audience that G20 finance ministers will meet in Moscow on February 15-16, 2013.

The main results of the Think 20 Meeting will be presented at the conference Fostering Economic Growth and Sustainability to be held in Moscow on December 13, 2012.

 

Click here to read the full opening remarks.

  • Location International Financial Center, Tower 2, Hong Kong, Central

As the BRICS (Brazil, Russia, India, China, South Africa) and Asian countries have become more integrated into the world economy, their governments have become increasingly aware of fundamental problems or challenges of the current International Monetary System (IMS). The conference will examine, first, a range of views on the fundamental systemic problems that are a catalyst for international monetary reforms; second, views from the BRICS and Asian countries, as well as regional considerations regarding the measures that key countries are already taking to respond to the challenges of the IMS, including currency internationalization; and third, options and preferences for orderly adjustment of the IMS.

Key questions guiding the conference include:

  • What are the main problems or challenges of the existing IMS?
  • How are the shortcomings of the current IMS affecting the BRICS and Asian countries?
  • Is the instability of the US dollar as the de facto global reserve currency having a significant effect on the BRICS and/or Asian countries?  If not, why not?  If so, how and why?
  • In some of the BRICS and Asian countries, is there a sense of need or urgency for the IMS to be adjusted to reflect the changed landscape of the world economy?
  • How are the different BRICS and Asian countries responding? Compare the effectiveness of the differing responses.
  • Why is China looking to gradually expand the international use of its national currency?
  • What is the systemic impact of China’s currency internationalization efforts?
  • Is currency internationalization a realistic adjustment option for BRICS or Asian countries?
  • How are other emerging economies or global financial centers being affected by the international use of the Chinese renminbi?  How are they responding?
  • What is the cost-benefit of currency internationalization?
  • What are the requirements, and preferred options, for orderly adjustment of the IMS?  How to coordinate across national, regional and global responses?

 

For more information and to download the programme, visit the original article on the CIGI website.

  • Location Velmore Hotel, Centurion, South Africa

For all the materials and outcomes of this conference, click here to visit the new article.

The South African Institute of International Affairs (SAIIA) and the Centre for Human Rights at the University of Pretoria (UP), through their joint GEGAfrica project, cordially invites members of the press to join us for the First Annual African G20 Conference.

“Africa and the G20: A Critical Assessment”

Date: Monday 10 December, 2012
Time: 08h30 – 17h00
Venue: Velmore Hotel, Centurion
RSVP:   Riona Judge McCormack at media@saiia.org.za or 011 339 2021/ 071 7643 690

 

  • Location Johannesburg

Mid-career journalists are invited to apply for an eight-day training course on Global Economic Governance: African Perspectives, to be held in Johannesburg from December 3 – 10, 2012. This training is offered by SAIIA, the Institute for the Advancement of Journalism (IAJ), the Centre for Human Rights at the University of Pretoria (CHR), and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).

The programme addresses mid-career journalists from newspapers, news agencies, online media and radio stations based in African countries. The course will be conducted in English – so competence in spoken and written English is essential.

  • Location Pretoria, South Africa

South African Institute of International Affairs cordially invites you to a Roundtable Event on 'South Africa: Development Partner and Global Player'

Date: 26 November 2012 
Time: 08h30 – 13h30 (followed by luncheon) 
Venue: Villa Sterne, 212 Johann Rissik Drive, Waterkloof Ridge, Pretoria

  • Location Dubai, United Arab Emirates

12-14 November - Dubai, United Arab Emirates

The Summit on the Global Agenda is the world’s largest brainstorming meeting, aimed at shaping the global agenda by bringing together the most relevant thought leaders of the World Economic Forum’s Network of Global Agenda Councils. The Councils, comprised of experts from academia, business, civil society and government, address over 80 pressing issues facing the world today.

At the Summit on the Global Agenda, over 800 Members of the Network will engage in interactive workshops and sessions to provide comprehensive insight into the global, industry and regional agendas. Recognizing the great transformations businesses, economies and societies are currently facing, participants at this year’s Summit will focus on how to transform new models into collaborative, sustained processes, which drive solutions for a greener and socially more inclusive world.

Read more on the official website.

  • Location Mexico City, Mexico

Finance ministers and central bank governors of the G20 nations will meet. Participation of the OECD Secretary-General. 

  • Location Southern Sun Pretoria, Cnr. Steve Biko (Beatrix) and Pretorius Streets, Arcadia, Pretoria

Although the G20 faces numerous challenges and limitations, it remains a pivotal body in advancing global economic governance, and holds significant opportunities for South Africa. This was the message of Deputy Governor of the South African Reserve Bank, Daniel Mminele, in his keynote address to the South African Institute of International Affair's G20 Study Group. The Deputy Governor provided a comprehensive overview of the G20 and South Africa's role in the global body, and gave an insider's view of the future challenges and opportunities awaiting the G20. His speech can be accessed at the end of this article.

The Economic Diplomacy Programme at the South African Institute of International Affairs (SAIIA) and the Konrad Adenauer Stiftung (KAS) held a seminar entitled ‘Values in Global Economic Governance: Do India, Brazil, and South Africa Share a Common Vision?’ on Tuesday, 30 October 2012.

  • Location Kigali

The specific objectives of the African Economic Conference (AEC) are:

To promote knowledge management as an important driver of policy dialogue, good policy planning and implementation;To foster and promote innovative thinking among researchers, development; practitioners and African policymakers;To encourage and enhance research on economic and policy issues related to the development of African economies;To provide an opportunity for Africans in the Diaspora, and in regional and sub-regional organizations to send out their research findings as well as share information with African policy makers on the work they do in the region.

With these objectives, and as have been demonstrated during the past six annual Conferences, the AEC has become a major forum that brings together leading academics and development practitioners from across the globe towards fostering dialogue and exchange of knowledge that contributes to the search for solutions to the development challenges of Africa.

http://www.africaneconomicconference.org/2012/

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