7 December 2019

BRICS leaders agree to coordinate efforts

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Leaders of BRICS (Brazil, Russia, India, China, South America) states find it necessary to coordinate their actions at a global level to reach maximum economic growth, the declaration approved on the outcomes of the BRICS summit in Brasilia informs. reports citing TASS.

"We support the conclusion of the BRICS Trade Ministers that bold, coordinated international action is required to increase economic growth and sustainability," the declaration informs.

"Increased trade can help with global growth, but the demand deficit in the global economy requires additional sources of growth, which could include infrastructure investment, including in digital infrastructure, skills development, particularly for young people, sustainable investment, investment in local basic services, and outward investment to areas of high potential growth, including on the African continent," the BRICS leaders stressed.

The BRICS group of nations also confirms its commitment to figh corruption at all levels, says the declaration.

"We reaffirm our commitment to fight corruption, inter alia, through the strengthening of domestic legal frameworks, as appropriate, to more effectively address cases of corruption," the declaration said.

"We remain committed to adopting integrity measures in the public sector and promoting integrity standards in private enterprises and to build a stronger global commitment to a culture of intolerance towards corruption," the declaration stressed.

2019.11.14 / 23:16
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