The BRICS Summit 2013: Key tasks and priorities

Overview

This paper explains the key recommendations for India’s involvement in the BRICS Summit of 2013. It discusses three key elements and priorities India should address ahead of the Summit: the BRICS Development Bank; becoming a new actor in the development of Africa; and illicit financial flows – all reflecting the differences of BRICS countries (’emerging powers’) and the West (‘already established powers’). Key statistical summaries offer evidence that a different approach should be designed to develop Africa compared to previous actions by the West and how changes in the BRICS Development Bank affects the role of the private- and public-sector in land-related investments. It proposes how these issues could be handled, including: providing access to public money; tax compliance; and funding for social sector spending.