Institutions such as the BRICS New Development Bank will need at least U$90 trillion by 2030, to deal with the global sustainable infrastructure.
BRICS nations New Development Bank intends to expand beyond its member countries.
The ANC says it’s all systems go for the upcoming BRICS political parties dialogue on Tuesday, which is also expected to reach an agreement on how to further enhance relations among the countries.
President Cyril Ramaphosa has warned of the threat of populism and protectionism to the global world order.
This year’s two-day gathering is a major test for the Group of 20 industrialized nations, whose leaders first met in 2008 to help rescue the global economy from the worst financial crisis in seven decades.