Lilongwe: President Professor Arthur Peter Mutharika left for South Africa today where he is expected to attend the 10th annual BRICS summit.
BRICS is an acronym derived from a grouping of leading emerging economies of Brazil, Russia, India, China and South Africa.
Key among this year’s priorities at the summit is the establishment of a working group on peace keeping, the setting up of a vaccine research centre for as physical entity on research and development on vaccine innovation.
The summit also intends to form a BRICS Tourism Track of Cooperation.
With socio-economic empowerment of women emerging as a prominent source of economic benefit especially in developing countries, the summit will also establish a BRICS Gender and Women Forum, according to the 2018 BRICS website.
Malawi is one of the few African countries that have been invited to participate this year because much attention will also be paid to issues of sustainable development in Africa.
Speaking before departure at Kamuzu international Airport in Lilongwe, President Mutharika said he felt honored that Malawi has been invited at this important summit and assured Malawians that the nation will be well represented.
The economy in Malawi is progressing at a steady growth and this is why we have been recognized to attend and share our progress and strategies, Mutharika said.
He further stated that the summit will include discussions on the 4th Industrial Revolution, specifically the digital revolution and Information, Communication Technologies (ICT), and how it can be applied here in Africa.
Advancing the 4th Industrial Revolution, a means of leapfrogging development stages and bridging the digital divide, is one of the strategies under the BRICS economic partnership towards inclusive growth.
The Malawi President intends to make full use of the summit in mobilizing resources towards various development initiatives.
The BRICS also has its own bank, which has a lot of resources. We will do our best to make sure we benefit from the loans, grants and other initiatives it can offer us Mutharika said.
The theme for this year’s summit is BRICS in Africa: collaboration for inclusive growth and shared prosperity in the 4th Industrial revolution.
Source: Malawi News Agency MANA