China leader addresses virtual BRICS meeting

25 June 2022
2022-06-25 14:36

Chinese President Xi Jinping pledged more resources and funding for developing economies at an event on global development hosted by China on Friday.

Xi was speaking at a virtual meeting of BRICS leaders comprising of Brazil, Russia, India and South Africa, as well as leaders of more than a dozen developing nations. 

In his speech, Xi pledged to upgrade and add US$1 billion to its South-South Cooperation Assistance Fund and enhance support for the United Nations Peace and Development Trust Fund.

The BRICS collective was founded in 2009 when the countries were seen as the potential engine for future global economic growth.

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