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.
In July 2014, the BRICS grouping (Brazil, Russia, India, China and South Africa), announced the creation of a new, US$100 billion New Development Bank to lend money to developing nations for investments. There is much speculation about the role the Bank might play, and the motivations of the BRICS members in establishing it.
The Group of 20 (G-20), a forum for the governments and central bank governors from 20 major economies, will hold its annual Summit from 15-16 November, in Brisbane, Australia. The G-20 has also given rise to a number of focused sub-groups on key isues such as business, labour, youth and civil society. A new video has been released on the B-20, the grouping with leads engagement with Group of 20 (G-20) government on behalf of the international business community. Watch the video below to hear about the role of the G-20 and B-20 and the work of the B-20 during…
The Australian Institute of International Affairs has just released a special magazine, G20: Words into Action Brisbane 2014, which contains a series of important articles on the upcoming Group of 20 (G-20) Summit to be held in Brisbane in November 2014.Click here to view the publication in ePub format.SAIIA has contributed an article to this magazine, exploring out South Africa's role within the G-20.Click here to read the article, 'South Africa and the G-20'.
Business Day TV interviews Christopher Wood, a researcher at the South African Institute of International Affairs, and Martyn Davies from Frontier Advisory, on the establishment of a 'New Development Bank' by the BRICS grouping. Click here to watch the video on the Business Day website. A transcript of the interview is below.
As the BRICS meet in Fortaleza, Brazil from 14-16 July 2014, attention is once again on the group’s efforts to establish two new financial institutions: the New Development Bank and the Contingent Reserve Arrangement. Negotiations are underway on both and, while it remains uncertain that they will be officially launched in Fortaleza, substantial progress is expected to be announced at the summit.