Programme

BRICS PARTNERSHIP – THE POTENTIAL AND LIMITATIONS IN GLOBAL STEWARDSHIP

The Global Growth Agenda
Rossiya 24 Televised Debate
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, Russia 24; Editor-in-Chief, Doctor Channel

Panellists
Kirill Dmitriev , Chief Executive Officer, Russian Direct Investment Fund (RDIF)
Helen Clark , Administrator of the United Nations Development Programme
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Sergey Storchak , Deputy Finance Minister of the Russian Federation
Mark Weinberger , Global Chairman and CEO-elect, Ernst & Young
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


Maxim Arefyev , Director, Russian Direct Investment Fund (RDIF)
Seung Ho ‘Sam’ Park , Chair Professor of Strategy; President, SKOLKOVO Institute for Emerging Market Studies (SIEMS)

Key moments

The BRICS economies have similar opportunities and complexities and so a coordinated solution is required in order to resolve their issues.
Kirill Dmitriev
(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
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
Ultimately, economic wellbeing collectively is what will keep the BRICS together.
Mark Weinberger