Africa in Debt to Brazil: Forgiveness Isn’t Always Free

Fabiana Frayssinet The Brazilian government projects the cancellation of nearly 900 million dollars in debt owed by a dozen African countries as a gesture of solidarity. But others simply see an aim to expand the economic and political influence of South America’s powerhouse.

What’s Good for Brazil Is Good for Africa

Matthew Newsome As Africa transforms its economy, it will need modern jobs and increased productivity to fight hunger on the continent, African leaders agreed at a two-day summit.

Developing World to Dominate Global Investment by 2030

Carey L. Biron Over the next decade and a half, a major global shift will result in the developing world controlling roughly half of the world’s capital, up from less than a third today.

Q&A: A Healthy Verdict from India

India’s refusal to grant patent protection for the anti-cancer drug Glivec, developed by Swiss drugmaker Novartis, is a victory for the developing world, which depends on low-cost exports of generic medicines from the Asian giant, said public health specialist Germán Velásquez. The triumph celebrated by the Colombian expert, who is a special adviser for health [...]

OP-ED: The BRICS and the Rising South

Helen Clark On Tuesday, leaders of five large emerging economies – Brazil, Russia, India, China, and South Africa, known as the BRICS – will gather in Durban, South Africa to discuss harnessing their formidable resources on behalf of faster development progress in Africa and elsewhere.

Q&A: Rise of South “Unprecedented in Speed and Scale”

Thalif Deen The world’s 132 developing nations, largely part of the global South, are ascending at a pace “unprecedented in its speed and scale”, according to the latest Human Development Report (HDR) released Thursday by the U.N. Development Programme (UNDP).

Native Women Bring Solar Energy to Chile’s Atacama Desert

Marianela Jarroud Z. Three indigenous communities from the Chilean highlands have just received solar panels, which will be set up and maintained by unlikely solar engineers: five native women who travelled halfway around the world to India and overcame language and other barriers to bring photovoltaic energy to their villages.

Resentment as South Africa Speaks Business for Continent

John Fraser There is growing resentment in Africa about the way in which South Africa professes to speak for the rest of the continent in its role as a member of key developing nation blocs, researchers and experts have warned.

New Development Bank to be Key BRICS Building Block

John Fraser Emerging market leaders want their Brazil, Russia, India, China and South Africa club to be taken seriously, and next month they are expected to make a decisive move towards setting up a development bank to give it real substance and credibility.

Tourism Lies at the Heart of the BRICS

John Fraser As tourism between the emerging nations of Brazil, Russia, India, China and South Africa starts to increase, South Africa is determined weld the iron while it is hot.

RSS IBSA in the News

  • SHYAM SARAN: Lacklustre Brics play to China’s score in Delhi pact
    BusinessDay Published: 2012/04/02 It is clear that China is emerging as the pre-eminent partner in the Brics grouping THE Delhi Declaration and Action Plan adopted at the fourth Brics summit in New Delhi last week would have quickly laid to rest any residual anxiety in western capitals that a serious rival focus of power and [...]
  • Australia invites more Indian investments, collaborations
    The Hindu, 31 January 2012, With Indian corporate sector having committed heavy investments in Australia in the mining, mineral and other sectors, bilateral trade is likely to touch Rs.2-lakh crore (Australian $40 billion) in the next three years from Rs.1.10-lakh crore (Australian $22 billion). In an effort to attract Indian investments further, the Australian Trade [...]
  • Indian tourists to SA rise by over 100% – minister
    City Press, South Africa, 31 January 2012, The number of Indian tourists travelling to South Africa increased by over 122% between 2005 and 2010, says Tourism Minister Marthinus van Schalkwyk. “South Africa is continuing to attract Indian tourists in great numbers, with 67 039 Indian tourists travelling to South Africa between January and September 2011, [...]

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