BREAKING , BRICS New Settlement CURRENY Adopted With 159/199 Countries

..With Transcripts 

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the imbalances in our global economic

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framework are driving Rising inequality

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inflation and unemployment making

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Collective efforts more urgent than

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ever the calls for climate action and

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climate Finance continue to be ignored

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even as the crisis

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deepens in the middle

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of these challenges however

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I see a tremendous opportunity in

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bricks with its Collective voice

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representing nearly half of the global

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population and over a third of global

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GDP bricks has the potential to be a

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transformative Force for a more

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Equitable World

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Order

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excellencies intra bricks trate

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investment and tourism can ignite

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economic growth that not only only

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benefits Our member states but also

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serves as a model for cooperation and

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solidarity in addressing Global

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challenges we must leverage our diverse

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economies and high growth potential to

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achieve tangible economic gains that

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uplift our

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people enhancing cooperation in the

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development of artificial intelligence

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is also essential I strongly support the

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proposal made both by President Putin

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and president XI on this matter

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furthermore the expedited consideration

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of membership requests to the new

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develop Development Bank will serve to

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enhance alternative financing

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particularly for infrastructure projects

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that are crucial to our

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development I believe bricks is uniquely

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positioned to guide

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support for a fair and representative

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multilateralism together we can Champion

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reforms that address the concerns of

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developing nations and ensure that their

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voices are heard on the global

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stage

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Ethiopia in particular wishes to

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emphasize that the reform of the UN

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Security Council deserves our attention

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we have confidence that the countries at

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this Summit will prioritize Africa's

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representation in the UN Security

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Council adhering to the common African

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position this is not just about

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representation it is about Justice

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equity and ensuring that all nations can

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contribute to Global

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governance Mr President

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excellencies Ethiopia

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exemplifies the Practical relevance of

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our partnership embodying The Hope and

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potential that bricks

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represents our nation now the third

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largest economy in subsaharan Africa is

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endowed with a young and dynamic

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Workforce vast arban land and abundant

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renewable energy

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resources these assets presents unpar

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opportunities for investment and trade

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and our ongoing macroeconomic reform

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have unlocked new avenus for

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growth our green Legacy initiative which

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mobilized our citizens to plant 40

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billion seedlings in 6 years stands as

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as a testament to our commitment to

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sustainable and climate resilient

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economic growth Ethiopia is equally

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committed to ensuring food security

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having become the largest wheat producer

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in Africa through enhanced

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productivity our investments in smart

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cities and tourism development highlight

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our cultural and historical richness

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drawing visitors from around the globe

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therefore I renew my call for strong

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intra bricks economic cooperation across

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sectors such as manufacturing

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agriculture energy tourism and

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importantly artificial intelligence as I

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conclude

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let me assure you excellencies of

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Ethiopia's unweaving commitment to

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actively participate in realizing our

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shared vision for a brighter future let

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us ensure that our partnership not only

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addresses our immediate challenges but

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also lays the ground work for a more

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Equitable and inclusive multilateral

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world I thank you our story as the

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bricks

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countries is a story of

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solidarity of mutual

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respect and mutual

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benefit bricks is an inclusive

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formation that has the ability to change

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the trajectory of the global

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South to do this we must realize the

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full

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potential of our economic

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partnership to ensure sustainable

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development for all and not just for

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some we must undertake bold steps

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towards a mutual shared and Equitable

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prosperity for

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all like most of the

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world South Africa desires the smooth

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operation of Supply

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chains

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trade tourism and financial flows free

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from external

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influence in a multi molar

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World working

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together the bricks

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family has an important role in

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addressing the key

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challenges of the global South in

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partnership with

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likeminded emerging market

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economies we look forward to the

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report that will be given by our finance

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ministers in TR Central Bank Bank

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Governors on the use of local

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currencies in international trade and

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financial

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transactions between brics members and

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their trading

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partners a few days ago the brics

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business entities gathered in

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Moscow under the stewardship of the

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bricks Business Council to

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explore tangible trade opportunities

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between our

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countries for South Africa these

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Endeavors which are focused on practical

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results are critical in addressing our

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country's Central National

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priority of inclusive economic

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growth for us inclusive growth means

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amongst other things

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prioritizing women Le businesses in this

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regard we acknowledge the diligent work

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of the bricks women's business Alliance

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to unlock economic value between the

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bricks countries for the development

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growth and sustainability of women owned

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businesses as we seek sustainable

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development

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Solutions we must acknowledge the

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challenges posed by climate

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change we must acknowledge the

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devastating impact on lives and

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livelihoods of our current climate

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trajectory as South Africa we remain

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committed to a just transition to a low

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carbon

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economy we are committed to the

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reduction of global

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emissions Guided by the principle of

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common but differentiated

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responsibilities and respective

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capabilities while countries with

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developing

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economies remain severely impacted by

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climate

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change they have

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contributed the least to the current

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climate crisis that the world is

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experiencing it is therefore vital that

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industrialized nations honor their

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climate

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commitments and ensure a just and

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Equitable

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transition it is essential that climate

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actions do not deepen global

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inequality or stifle the developmental

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aspirations of the countries in the

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global

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South to achieve the objectives of the

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bricks strategy for economic partnership

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20125 we must further explore

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Pathways to unlock opportunities and

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address

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challenges confronted by micro small and

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medium size

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Enterprises that operate in bricks

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countries we must intensify

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cooperation amongst brics members by

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launching common development programs in

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the fields of exports industrial

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cooporation and Technology

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exchange we have called for the

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recalibration of trade

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rules to enable industrialization

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the

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WTO must be

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reformed we must enhance beneficiation

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of mineral endowments of bricks

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countries closest to the source where

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these minerals are

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produced this is important for

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development and for the

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advancement of our DEC caponization

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goals the unique role that is played by

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the new development Bank as a

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multinational Development Bank is

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pivotal to the development aspirations

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of our group and emerging markets and

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developing

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economy at

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large we commend the work that is being

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done and progress that is being achieved

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by the new development Bank under the

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excellent leadership ship of our dearest

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sister Dilma

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Rusev it is one of the finest examples

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of the value of the bricks group because

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it is supporting the growth and

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development of countries of the global

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South and this is a great

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strength and as we enhance the

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development of these countries we also

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need to focus on peace and Security in

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the

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world the conflicts that continue to

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rage in the world are of great concern

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to

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us the continuing conflict in Gaza the

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Middle East resulting in the death of so

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many

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Palestinians is a matter of great

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concern we must continue to

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insist that there should be a season

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fire with immediate

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effect and that there should also be

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recognition for the

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self-determination of the

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Palestinians we have achieved

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progress on a number of areas and

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this level of progress that we have

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achieved must encourage us and Inspire

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us to do more

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and it must also make bricks to become

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an even more

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effective instrument for Global Peace

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and for Global progress at all levels

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economic