https://en.sputniknews.africa/20230911/brics-can-help-africa-tackle-climate-change-while-avoiding-debt-african-economic-council-1062039314.html
BRICS Can Help Africa Tackle Climate Change While Avoiding Debt: African Economic Council
BRICS Can Help Africa Tackle Climate Change While Avoiding Debt: African Economic Council
Sputnik Africa
VLADIVOSTOK, Russia (Sputnik) - The BRICS bloc, which comprises Brazil, Russia, India, China and South Africa and recently opened its doors to Argentina, the... 11.09.2023, Sputnik Africa
2023-09-11T16:31+0200
2023-09-11T16:31+0200
2023-09-11T16:31+0200
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The BRICS group of leading developing countries, through its New Development Bank, can help African countries combat climate change without putting them into debt, Percy Morapedi Koji, Africa Economic Leadership Council co-founder and vice-president, told Sputnik on Monday. Every country must develop its own solutions for climate change based on "its own efforts," the vice-president of the AELC, a network for African business leaders, also said, adding that collaboration within BRICS still provides for enhanced capacity in combating this issue. The 8th EEF is taking place on the campus of the Far Eastern Federal University in the Russian Pacific city of Vladivostok from September 10-13.
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brics, eastern economic forum (eef), new development bank (ndb), russia, brazil, india, climate, climate change, china, south africa, southern africa
BRICS Can Help Africa Tackle Climate Change While Avoiding Debt: African Economic Council
VLADIVOSTOK, Russia (Sputnik) - The BRICS bloc, which comprises Brazil, Russia, India, China and South Africa and recently opened its doors to Argentina, the United Arab Emirates, Saudi Arabia, Iran, Ethiopia and Egypt, currently accounts for nearly a third of the world's GDP and about 40% of the world's population.
The BRICS group of leading developing countries, through its New Development Bank, can help
African countries combat climate change without putting them into debt, Percy Morapedi Koji, Africa Economic Leadership Council co-founder and vice-president, told
Sputnik on Monday.
"It is important to remember that we can always follow the same philosophy, but have our own approach. Africa and its leaders understand the importance of climate change, but we have to do it in such a manner that we are not forced to sign climate pacts that are putting us into debt … BRICS will be having its own development bank, so we are not indebted to our countries having to take loans with high amounts of pay back. So I think this is another way of creating a solution at home," Koji said on the sidelines of the Eastern Economic Forum (EEF).
Every country
must develop its own solutions for climate change based on "its own efforts," the vice-president of the AELC, a network for African business leaders, also said, adding that collaboration within BRICS still provides for enhanced capacity in combating this issue.
The 8th EEF is taking place on the campus of the Far Eastern Federal University in the Russian Pacific city of Vladivostok from September 10-13.
