By Li Ming Mike Alstott Buccaneers Jersey , Li Shiwei
NEW YORK, Aug. 5 (Xinhua) -- The BRICS Summit in the southeastern Chinese city of Xiamen will be a good opportunity for member nations to narrow differences and expand cooperation, a leading expert on international affairs said.
Waheguru Pal Singh Sidhu, a non-resident senior fellow at the Brookings Institution, told Xinhua in a recent interview here that the upcoming summit is very important because it sets a stage to resolve differences among BRICS nations and extend cooperation from economic issues to other areas.
The expert, who is also a visiting professor of Center for Global Affairs at New York University, made the comments nearly a month before the ninth annual BRICS summit to be held in Xiamen from Sept. 3 to Sept. 5.
The BRICS summit brings together Brazil, Russia, India, China and South Africa that comprise its moniker, along with participants from across the globe.
Sidhu expected member states in the meeting to sustain the momentum on the BRICS' New Development Bank (NDB), as well as other economic arrangements such as infrastructure investment.
The NDB was set up with an initial authorized capital of 100 billion U.S. dollars during the sixth BRICS Summit in Fortaleza, Brazil, in 2014. It officially opened in Shanghai in 2015.
According to the expert, the NDB is very crucial for BRICS countries in both geopolitical and financial dimensions.
"BRICS countries like China and India are important players in the international financial institutions, but they are not being able to get the right amount of weightage that they deserve," said Sidhu.
He added that reforms in the existing structure such as the World Bank and the International Monetary Fund have been very slow, which lead to the creation of new and alternative structures including the NDB.
In terms of finance, the bank plays a critical role in generating new sources of funding for projects in infrastructure and sustainable development, "not only in BRICS countries, but other countries as well," Sidhu noted.
When asked what the other areas the group can work together in the future, the professor called for more cooperation in climate change, cyber security, trade, energy and counterterrorism issues.
He said that once the bilateral differences between BRICS countries be resolved, the summit could really "open up the opportunity to take BRICS to a new level to make it a very important multilateral player."
"BRICS can come to a second blossoming (after 10 years since it was founded), I'm very optimistic," he added.
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GENEVA, Aug. 4 (Xinhua) -- A small plane crashed near a summercamp in eastern Switzerland on Friday, killing two 14-year-oldcampers and the pilot at what was to have been an end-of-weekcelebration, the resort director said.
A third teenager was also seriously injured in the crash of thesingle-engine plane organized at the Aero-Club of Switzerland campin the eastern canton of Graubunden, police said.
A 17-year-old female camper was badly hurt in the crash in theeastern canton of the Grisons and the cause was still underinvestigation, the Swiss News Agency reported.
"When I heard about the terrible accident this morning my worldwas shattered," camp director Yves Burkhardt told reporters, theSwiss national broadcaster reported on its website Swissinfo.
Burkhardt said that the sightseeing flight at the weekend was tohave been a highlight for nearly 200 young people at the holidaycamp that had operated without incident for 35 years.
Authorities said the four-seat Piper aircraft was on its secondflight of the day and under the control of an experienced pilot,when it crashed in the Diavolezza region around 10 minutes aftertake-off.
The plane was being used in a flight initiation sessionorganized by Aero-Club Switzerland, its spokesman confirmed.
In all, 192 teenagers aged 14-16 were attending the youth camp,which was due to end Saturday. Over the past 35 years, 5,000youngsters have attended the annual camp and there have never beenany serious accidents, Swissinfo said.
Police said a special trauma team has been sent to care for theother children who at the camp. Enditem
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