Global EditionASIA 中文雙語Fran?ais
    World
    Home / World / Africa

    Strong support sought from BRICS-led bank

    By Ndumiso Mlilo | China Daily | Updated: 2018-03-16 09:00
    Share
    Share - WeChat

    Some African regional and continental bodies believe the BRICS-led New Development Bank has the potential to help the continent address its challenges.

    This view was expressed during recent discussions in Johannesburg, South Africa, between the NDB, civil representatives and other banks and stakeholders.

    The NDB was established by BRICS members Brazil, Russia, India, China and South Africa to help them and other emerging economies address developmental challenges. Its headquarters opened in Shanghai in 2016 and the NDB Africa Regional Center, or ARC, was opened in Johannesburg last year.

    Oxfam South Africa Executive Director Siphokazi Mthathi says the opening of the ARC is an opportunity to help fund Africa's infrastructure development, as well as a chance for BRICS to ensure that development financing is sensitive to the needs of the poor, the marginalized and women.

    "Oxfam South Africa believes that the bank needs to establish a structural framework for engagement with civil society organizations that will promote the transparent and accountable manner in which projects are chosen, implemented and monitored. As part of this, the bank needs to consider environmental and social safeguards that take into account community needs. A lot is expected from us in the South and we dare not fail," says Mthathi.

    Tumi Moleke, the ARC's acting manager, says BRICS has agreed to add members. Moleke did not say when the new members will be added. But he says the organization is not in a hurry to add members but is prioritizing fulfilling its mandate to see that projects are funded. The NDB has so far approved seven projects worth $1.5 billion.

    Moleke says: "BRICS is committed to the African Agenda 2063. The ARC will work to support Africa. It will assist in receiving projects, then their preparation and attracting resources for them."

    Moleke says the bank is willing to engage civil society and hear concerns, which will be brought to the attention of the NDB board of directors.

    Bob Kalanzi, capacity development officer at the office of the CEO of the New Partnership for Africa's Development, the implementing agency of the African Union, welcomes the NDB. He says the bank will assist in the implementation of Agenda 2063 and addressing priority areas. Kalanzi says that since South Africa is a member of the AU, it should leverage on its BRICS membership to address Africa's challenges. He says the NDB has the potential to drive industrialization in Africa and increase development.

    "The NDB presents a wonderful opportunity coming from the South as a complementary funding model to the traditional North," Kalanzi says. "We hope that terms and conditions will be relaxed. This would support financial, technical transfer to drive participation in infrastructure projects to improve intra-Africa trade and the continent's contribution to global trade."

    Thembi Langa, senior program officer at the finance and investment unit for the Southern African Development Community, says the NDB presents opportunities for development in the region and on the continent. She says that, with South Africa being a BRICS member, the region will benefit from projects funded by the NDB that overlap in other countries. She says they could work with NDB in equity participation and cofinancing.

    "We see the NDB not a threat to us but as a partner in development. The NDB will enhance infrastructural projects," says Langa. "The banks address the development aspect which we stand for to achieve our overarching goals of poverty alleviation in the region."

    Sibulele Poswayo of the Inequality Movement says the NDB should address issues that affect the needs of women. She says it should also address inequality by promoting infrastructure projects that promote economic inclusivity.

    Bongani Msimanga, environmental analyst at the Development Bank of Southern Africa, says the bank will meet with the NDB to see how they can work together. Msimanga says there are many projects in Africa that require funding that his bank cannot afford on its own. He says the NDB will complement his bank's work.

    For China Daily

    Most Viewed in 24 Hours
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    人妻少妇精品无码专区动漫| 直接看的成人无码视频网站| 最近免费中文字幕中文高清| 国产成人无码精品一区二区三区 | 亚洲一区无码中文字幕 | 亚洲av永久无码精品古装片| 日韩亚洲欧美中文在线| 少妇人妻无码精品视频| 最近中文字幕2019高清免费 | 亚洲 另类 无码 在线| 亚洲AV中文无码乱人伦下载| 最近更新中文字幕在线| 亚洲成?v人片天堂网无码| 日韩国产精品无码一区二区三区| 无码av中文一二三区| 亚洲中文字幕一二三四区苍井空 | 午夜无码A级毛片免费视频| 99re只有精品8中文| 制服丝袜中文字幕在线| 国产强伦姧在线观看无码| 无码国产精成人午夜视频一区二区| 中文字幕一区日韩在线视频| 最近中文字幕mv免费高清在线| 亚洲成A人片在线观看无码3D| 丰满岳乱妇在线观看中字无码| 无码人妻AⅤ一区二区三区| 曰韩人妻无码一区二区三区综合部| 国产精品综合专区中文字幕免费播放| 天堂√中文最新版在线| 久久久久亚洲精品无码网址| 亚洲va中文字幕无码久久不卡| 中文www新版资源在线| 日本一区二区三区精品中文字幕| 熟妇人妻中文字幕| 亚洲乳大丰满中文字幕| 亚洲欧美综合在线中文| 中文亚洲欧美日韩无线码| 精品久久亚洲中文无码| 无码中文字幕av免费放dvd| 日韩av无码中文字幕| 日韩三级中文字幕|