https://en.sputniknews.africa/20230809/brics-bank-to-improve-global-financial-systems-iranian-foreign-minister-says-1061192952.html
BRICS' Bank to Improve Global Financial Systems, Iranian Foreign Minister Says
BRICS' Bank to Improve Global Financial Systems, Iranian Foreign Minister Says
Sputnik Africa
MOSCOW (Sputnik) - According to the Iranian Foreign Minister, Hossein Amirabdollahian, his country can see that BRICS's share in the global GDP and in trade... 09.08.2023, Sputnik Africa
2023-08-09T13:49+0200
2023-08-09T13:49+0200
2023-08-09T15:12+0200
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BRICS' New Development Bank may be instrumental in adjusting and improving the global financial, banking and monetary systems without disrupting the existing ones, Iranian Foreign Minister Hossein Amirabdollahian has stated.BRICS's economic growth has strengthened its member states' confidence and raised the credibility of its influence on the global stage, which is confirmed by the keen interest of several important countries of the Global South in obtaining membership, he added. According to the minister, there are many ways in which BRICS would benefit from Iran's prospective membership, particularly from Iranian territory serving as a link between Russia and India as well as between China and the Global South through the International North-South Transport Corridor (INSTC).Iran's inclusion to the BRICS infrastructure will also mean a link for China to the Gulf countries and the Indian Ocean, as well as Africa and South America, the top diplomat continued.Having Iran among their ranks "will certainly increase the importance of current and future BRICS members," Amirabdollahian said. As a country with abundant energy resources, Iran will strengthen BRICS as an economic bloc, while its "stable security," low-cost transport network, availability of qualified personnel and scientific and technological achievements will make it a reliable and efficient partner, he added.The minister positively assessed the level of Iran's economic relations with the BRICS members and pointed out the willingness of both parties to expand bilateral economic ties. The upcoming BRICS summit in South Africa is "a valuable opportunity for the BRICS leaders and friends to exchange opinions about a better future for both BRICS and the Global South," Amirabdollahian said.The INSTC is an international multi-mode network stretching early 4,500 miles from Russia's St. Petersburg to India's Mumbai. The corridor is an alternative to the sea route connecting Europe, the Persian Gulf and the Indian Ocean countries via the Suez Canal. It consists of three routes, namely the Trans-Caspian route using railroads and ports, and the Western and Eastern land routes. In May, Russia and Iran signed a deal on the construction of the remaining Astara-Rasht railroad section of the INSTC.Russian Deputy Foreign Minister Sergey Ryabkov is paying a two-day visit to Tehran, starting on Monday, to meet with Amirabdollahian and other senior Iranian diplomats. In addition to the Iran-BRICS cooperation, they are also expected to discuss the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal.
https://en.sputniknews.africa/20230807/over-30-countries-confirmed-participation-in-upcoming-brics-summit-sas-foreign-ministry-1061134841.html
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BRICS' Bank to Improve Global Financial Systems, Iranian Foreign Minister Says
13:49 09.08.2023 (Updated: 15:12 09.08.2023) MOSCOW (Sputnik) - According to the Iranian Foreign Minister, Hossein Amirabdollahian, his country can see that BRICS's share in the global GDP and in trade between member states is growing, and considers as an "important step" the bloc's efforts to reduce costs, including by seeking to use national currencies, the minister said.
BRICS' New Development Bank may be instrumental in adjusting and improving the global financial, banking and monetary systems without disrupting the existing ones, Iranian Foreign Minister Hossein Amirabdollahian has stated.
"The creation of the BRICS New Development Bank, without disrupting the existing systems, may play an important role in in adjusting and improving the global financial, banking and monetary systems," Amirabdollahian said at a conference on cooperation between Iran and BRICS in Tehran.
BRICS's economic growth has strengthened its member states' confidence and raised the credibility of its influence on the global stage, which is confirmed by the keen interest of several important countries of the Global South in obtaining membership, he added.
According to the minister, there are many ways in which BRICS would benefit from Iran's prospective membership, particularly from Iranian territory serving as a link between Russia and India as well as between China and the Global South through the International North-South Transport Corridor (INSTC).
"Sure enough, as discussed at today's conference, the partnership between Iran and BRICS has in fact already started in some areas. In the field of transport, the North-South transport corridor connecting India to Russia via Iran is actually part of BRICS' transport project," Amirabdollahian said.
Iran's inclusion to the BRICS infrastructure will also mean a link for China to the Gulf countries and the Indian Ocean, as well as Africa and South America, the top diplomat continued.
Having Iran among their ranks "will certainly increase the importance of current and future BRICS members," Amirabdollahian said.
As a country with abundant energy resources,
Iran will strengthen BRICS as an economic bloc, while its "stable security," low-cost transport network, availability of qualified personnel and scientific and technological achievements will make it a reliable and efficient partner, he added.
The minister positively assessed the level of Iran's economic relations with the BRICS members and pointed out the willingness of both parties to expand bilateral economic ties. The upcoming BRICS summit in South Africa is "a valuable opportunity for the BRICS leaders and friends to exchange opinions about a better future for both BRICS and the Global South," Amirabdollahian said.
The INSTC is an international multi-mode network stretching early 4,500 miles from Russia's St. Petersburg to India's Mumbai. The corridor is an alternative to the sea route connecting Europe, the Persian Gulf and the Indian Ocean countries via the Suez Canal. It consists of three routes, namely the Trans-Caspian route using railroads and ports, and the Western and Eastern land routes.
In May, Russia and Iran signed a deal on the construction of the remaining Astara-Rasht railroad section of the INSTC.
Russian Deputy Foreign Minister Sergey Ryabkov is paying a two-day visit to Tehran, starting on Monday, to meet with Amirabdollahian and other senior Iranian diplomats. In addition to the Iran-BRICS cooperation, they are also expected to discuss the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal.
