Antonio Guterres: Development Bank and Ndb Issuance

antonio guterres: The document said the BRICS members expressed satisfaction with the approval of the first batch of loans by the New Development Bank , particularly in the renewable energy projects in BRICS countries, and with the NDB issuance of the first set of green bonds in RMB, as well as the initiation of BRICS Contingent Reserve Arrangement that has strengthened the global financial safety net, according to Global Times China. Noting that BRICS countries represent an influential voice on the global stage, the leaders extended gratitude to UN Secretary-General Ban Ki-moon for his contribution in the past 10 years and congratulated Antonio Guterres on his appointment as the next UN chief, pledging continuous support for the world body. The Goa Declaration was a result of the eighth BRICS summit that was held on Oct. 15-16 in the western Indian state of Goa, under the theme of "Building Responsive, Inclusive and Collective Solutions." Chinese President Xi Jinping , Russian President Vladimir Putin, Brazilian President Michel Temer, Indian Prime Minister Narendra Modi and South African President Jacob Zuma attended the meeting. On the UN 2030 Agenda for Sustainable Development, the declaration urged developed countries to honor their commitments to achieve 0.7 percent of gross national income commitment for official development assistance to developing countries, adding that those commitments play a crucial role in the implementation of the sustainable development goals. Commending China for the successful hosting of the Hangzhou summit and its focus on innovation, structural reform and development as drivers of medium and long term economic growth, the BRICS leaders emphasized the importance of the implementation of the Hangzhou summit outcomes, which will foster strong, sustainable, balanced and inclusive growth, contribute to improved global economic governance, and enhance the role of developing countries. The five BRICS leaders, who just met last month in the eastern Chinese city of Hangzhou when China hosted the 11th summit of the Group of 20 major economies, welcomed the G20 Action Plan on the 2030 Agenda adopted during the Hangzhou Summit and committed to its implementation by taking bold transformative steps through both collective and individual concrete actions. (news.financializer.com). As reported in the news.