The BRICS Perspective For African Development

LAROUCHEPUB – January 23, 2015: “On BRICS, I agree, this is just the beginning of a new international economic order; it will be a gradual, but steady process. I also agree that not everybody would agree on the importance of the BRICS bank, but the creation of the BRICS bank is significant for the future international order for three reasons. …On the Programme for Infrastructure Development (PIDA): Because the infrastructure deficit in Africa penalizes growth and development of the continent, in July 2010, African leaders launched a new programme for infrastructure development in Africa. Led by the African Union, New Partnership for Africa’s Development (NEPAD), and African Development Bank (ADB), the initiative has a budget of several billion dollars. The overall goal of PIDA is to promote socio-economic development and poverty reduction in Africa through improved access to integrated regional and continental infrastructure networks and services.” Link: Read Complete Article

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