SAFFARAZZI
  • HOME
  • NEWS
    • Tech
    • Crypto
  • ENTERTAINMENT
    • Viral
  • LIFESTYLE
    • Food
      • Recipes
    • Soapies
    • Travel
  • SPORT
    • Soccer
    • Rugby
    • Cricket
    • Motorsport
  • LOTTO
    • Daily Lotto Results
    • Lotto and Lotto Plus Results
    • Powerball and Powerball Plus Results
  • MORE
    • MOTORING
    • About Us
    • Contact Us
    • Write for us!
    • Newsletters and Notifications
  • Privacy
No Result
View All Result
  • HOME
  • NEWS
    • Tech
    • Crypto
  • ENTERTAINMENT
    • Viral
  • LIFESTYLE
    • Food
      • Recipes
    • Soapies
    • Travel
  • SPORT
    • Soccer
    • Rugby
    • Cricket
    • Motorsport
  • LOTTO
    • Daily Lotto Results
    • Lotto and Lotto Plus Results
    • Powerball and Powerball Plus Results
  • MORE
    • MOTORING
    • About Us
    • Contact Us
    • Write for us!
    • Newsletters and Notifications
No Result
View All Result
SAFFARAZZI
No Result
View All Result
Home News

BRICS initiative, New Development Bank, helps SA fight against Covid-19

The country has received at least $2 billion in financial assistance from the BRICS initiative, New Development Bank, since the start of the pandemic.

Bianca Bassi by Bianca Bassi
2021-09-13 16:18
in News
BRICS initiative, New Development Bank, helps SA fight against Covid-19

BRICS initiative, New Development Bank, helps SA fight against Covid-19. Image: nicepng.com

FacebookTwitterWhatsappLinkedin
ADVERTISEMENT

The New Development Bank is an initiative of the BRICS (Brazil, Russia, India, China and South Africa) countries. The purpose of the initiative is to mobilise resources for infrastructure and development in the emerging economies of developing countries.

Decisions were made during last week’s summit

President Cyril Ramaphosa revealed the financial assistance in his weekly newsletter to the country. According to Ramaphosa, the financial injection is being used to fight the pandemic and to support SA’s economic recovery.

“BRICS countries agreed to deepen cooperation to fight COVID-19 and mobilise the political support and financial resources needed to respond to future pandemic preparedness. There has also been substantial cooperation with our BRICS partners in securing personal protective equipment and cooperation around vaccine access and distribution,” he said.

ADVERTISEMENT

During last week’s BRICS summit, the countries also agreed to establish a virtual BRICS Vaccine Research and Development Centre. A BRICS Integrated Early Warning System to “forecast future outbreaks of infectious diseases” will also be established. Ramaphosa added that countries also agreed to further deepen ties in various sectors as countries move towards economic recovery.

“BRICS partners agreed to strengthen collaboration in catalytic sectors such as energy, IT, science, technology and innovation, agriculture and the green economy. These are all important sectors identified in our Economic Reconstruction and Recovery Plan announced last year. Cooperation with other BRICS countries, particularly in the field of innovation research, will help to accelerate our country’s industrialisation and help us meet our Fourth Industrial Revolution aspirations,” he said.

BRICS has been assisting SA for the past 11 years

The President once again stated that for the past 11 years, BRICS has been and remains “of immense strategic importance” for SA.

“Being a member of BRICS has enhanced our position as an important emerging economy. It has given us access to policy and technical expertise of larger and established economies, as well as access to the support of the National Development Bank.

ADVERTISEMENT

“It has strengthened our activism on the global stage, particularly around reform of multilateral institutions. We have benefitted from being part of a collective voice striving to advance a world order based on mutual respect and the equal sovereignty of nations,” President Ramaphosa said.

AlsoRead

The GLE and GLE Coupé: Bestsellers now even better

IFP closes all doors to any coalition talks with the EFF in KZN

Corrie Pretorius sentenced to 12 months in jail for racial attack on black boy

Media Statement: New Development Bank helps SA fight against COVID-19

Tags: BRICSCovid-19New Development Bank
Previous Post

Three men get tracked down after hijacking and shooting a victim

Next Post

On today’s episode of 7de Laan: 13 September 2021 S22 E50131

Bianca Bassi

Bianca Bassi

After studying languages and doing a course in digital content and copywriting, Bianca decided to pursue her love for writing and editing full time. Bianca Bassi Muck Rack Profile

Latest Post

The Black Door 31 March 2023: On today’s episode – S8 E239

Generations 31 March 2023: On today’s episode – S8 E623

The River 31 March 2023: On today’s episode – S7 E520

House of Zwide 31 March 2023: On today’s episode – S7 E520

Scandal! 31 March 2023: On today’s episode – S7 E257

On today’s episode of Binnelanders 31 March 2023 S10 E155

On today’s episode of Uzalo: 31 March 2023 S7 E529

  • About
  • Terms and Conditions
  • Corrections & Complaints
  • Contact Us
South Africa News, Entertainment, Lifestyle, Sport.

© saffarazzi.com. All Rights Reserved. Privacy Policy.
Saffarazzi, The Pavilion, Corner Portswood and, Dock Rd, Victoria & Alfred Waterfront, Cape Town, 8001, South Africa.
Tel: +27 21 140 3522, hello @ saffarazzi.com

No Result
View All Result
  • HOME
  • NEWS
    • Technology
    • Cryptocurrency
  • ENTERTAINMENT
    • Soapies
  • LIFESTYLE
    • Viral
    • Food & Recipes
    • Soapies
    • Travel
  • SPORT
  • MOTORING
  • LOTTO RESULTS
  • About Us
  • Write for us!
  • Contact Us
  • Privacy & Terms
  • Google News
  • Corrections & Complaints

© saffarazzi.com. All Rights Reserved. Privacy Policy.
Saffarazzi, The Pavilion, Corner Portswood and, Dock Rd, Victoria & Alfred Waterfront, Cape Town, 8001, South Africa.
Tel: +27 21 140 3522, hello @ saffarazzi.com