Brazil to host second BRIC summit in 2010

September 21st, 2009 NEW YORK - External Affairs Minister S.M. Krishna will represent Prime Minister Manmohan Singh at the UN summit on Climate Change being hosted by the UN Secretary General Ban Ki-moon Tuesday.

September 4th, 2009 LONDON - Finance Minister Pranab Mukherjee began meeting with his counteparts from Brazil, Russia and China ahead of a G20 meeting here Friday, as two key European leaders said India should help replenish a massive funding gap in the International Monetary Fund (IMF). Mukherjee, participating in his first Group of 20 meeting as finance minister, met Guido Mantega of Brazil, Xie Xuren of China and Alexey Kudrin of Russia to firm up the position of the BRIC group ahead of the full G20 meeting Saturday.

September 4th, 2009 LONDON - India is to invest up to $10 billion in the International Monetary Fund as part of a major thrust to wrest a greater say in the running of international financial institutions, Finance Minister Pranab Mukherjee announced Friday. "India has decided to invest up to $10 bn of its reserves in notes issued by the IMF," Mukherjee said after a meeting of the finance ministers of Brazil, Russia, India and China (BRIC) in London.

June 17th, 2009 ON BOARD AIR INDIA ONE - With the Indian economy showing signs of recovery, Prime Minister Manmohan Singh Wednesday said the country had borne the global downturn "well" and called for a new world economic architecture. "We live in times of rapid economic change when the BRIC economies are a factor of stability and growth," Manmohan Singh told journalists while returning from Russia.

June 16th, 2009 Russia may put some reserves in BRIC bondsYEKATERINBURG, Russia — The Kremlin's top economic adviser says Russia may put part of its currency reserves in bonds issued by Brazil, China and India. Arkady Dvorkovich says Russia could make the move if the other three nations reciprocate.

June 16th, 2009 Russia, China, others urge diverse monetary systemYEKATERINBURG, Russia — Brazil, Russia, India and China on Tuesday called for a more diversified international monetary system, but wrapped up their first full-fledged summit by avoiding any explicit criticism of the world's dominant currency, the U.S. dollar. The statement issued by the leaders from the so-called BRIC nations contained no reference to developing new reserve currencies to complement the dollar, which Russia had called for at a separate event earlier in the day.

June 16th, 2009 YEKATERINBURG - Two back-to-back summits and four bilateral meetings in less than 24 hours could test the nerves of any world leader. But Manmohan Singh, the 76-year-old Indian prime minister, looked fresh and energetic at the end of a long working day.

June 16th, 2009 YEKATERINBURG - Prime Minister Dr. Manmohan Singh today said that BRIC (Brazil-Russia-India-China (BRIC) summit) should consider the establishment of a Joint Business Forum which can identify areas for cooperation such as science and technology, energy, agriculture, aviation, pharmaceuticals and services.

June 16th, 2009 YEKATERINBURG - Leaders of Brazil, Russia, India and China (BRIC) Tuesday ended their first summit with a vigorous call seeking greater voice for emerging economies to create a more democratic world order and a bold agenda for mitigating the financial meltdown. Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh, Chinese President Hu Jintao and Brazil's President Lula da Silva discussed a host of global issues, including the financial crisis, food and energy security, climate change and international terrorism.

June 15th, 2009 YEKATERINBERG - India and China will hold the next round of talks on the boundary dispute Aug 7-8 in New Delhi, official sources said here Monday night ahead of Prime Minister Manmohan Singh's meeting with Chinese President Hu Jintao. Prime Minister Singh and President Hu will discuss a host of issues relating to bilateral relations, and the boundary dispute will also figure in the talks, highly placed sources said.

June 15th, 2009 YEKATERINBURG - Indian Prime Minister Manmohan Singh arrived in the Russian city of Yekaterinburg Monday night to attend the first BRIC summit of Brazil, Russia, India and China and the summit of the six-nation Shanghai Cooperation Organisation (SCO). He will also be meeting Pakistan President Asif Ali Zardari Tuesday, in the first high-level contact between India and Pakistan since the 26/11 Mumbai attacks.

June 15th, 2009 NEW DELHI - Global economic recovery was closely linked to the success of the economies of the four BRIC countries (Brazil, Russia, India and China), Prime Minister Manmohan Singh said Monday before leaving for the Russian city of Yekaterinburg to attend a summit of the grouping. Stressing that the four countries would play a crucial part in overcoming the ongoing economic slowdown, the prime minister said: The countries of Brazil, Russia, India and China (BRIC) together account for 40 percent of the world's population and 40 percent of global GDP.

June 14th, 2009 BRIC summit watched for signals on dollarMOSCOW — When the leaders of Brazil, Russia, India and China gather for their first full-fledged summit, they will be closely watched for signs of policy shifts that could affect the global role and strength of the U.S. dollar. During the summit Tuesday in the Ural Mountains city of Yekaterinburg, Russian President Dmitry Medvedev is likely to reprise Russia's call for a new global reserve currency to augment the dollar.

May 14th, 2009 NEW DELHI - There should be high level talks between Brazil, Russia, India and China on a global pact to combat climate change before the first BRIC summit in Russia next month, India's top climate negotiator Shyam Saran said here Thursday. The talks should be at the level of either politicians or senior officials, Prime Minister's Special Envoy on Climate Change Saran told delegates from all BRIC countries at a summit preparatory meeting organised by the Observer Research Foundation (ORF).

March 14th, 2009 LONDON - A high-powered Indian delegation led by Planning Commision Deputy Chairman Montek Singh Ahluwalia began meeting here with officials and central bankers from Group of 20 (G-20) countries in a major exercise to address the global financial crisis. The Indian delegation that also includes Reserve Bank of India Governor D.