Fri, March 30, 2012
World > Asia-Pacific > President Hu Jintao on Asian Trip

BRICS leaders outline their path to stability, security, prosperity

2012-03-29 14:00:50 GMT2012-03-29 22:00:50(Beijing Time)  Xinhua English

NEW DELHI, March 29 (Xinhua) -- Leaders of the five-nation BRICS bloc issued a declaration on a broad range of international issues, including their recipe for securing stability, security and prosperity, after their one-day summit here on Thursday.

The leaders of Brazil, Russia, India, China and South Africa met at the fourth BRICS summit to discuss global governance and sustainable development and to coordinate their stands on major world and regional issues, under the theme of BRICS Partnership for Global Stability, Security and Prosperity.

The fourth BRICS summit came at a crucial moment for the bloc, with the global economic recovery still struggling against fragile financial systems, high public and private debt, high unemployment and the rising price of oil. Pressing issues, such as climate change, food security and energy security are also posing challenges to the world.

The document highlights the roles of the International Monetary Fund (IMF) and the World Bank, the Doha Round of trade talks, the possibility of establishing a new development bank for emerging economies and developing countries, the situation in the Middle East and North Africa, particularly Syria and Iran, the situation in Afghanistan, energy and efforts to fight terrorism.

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