Author: Gabi Khumalo

Rio de Janeiro, Brazil – Russian President Vladimir Putin has proposed the establishment of a new BRICS investment platform to support joint development and attract capital. “Multiplying mutual capital investment by the BRICS countries, including through BRICS mechanisms, primarily, the New Development Bank appears to be an important goal as well. To this end, Russia proposed creating a whole new BRICS investment platform. “The idea behind it is to jointly develop coordinated instruments to support and to bring in the funds from the economies of BRICS countries and from the Global South and Global East countries,” said the Russian President. President…