Date: 3 September 2013

Time: 12:15 – 14:00

Presenter: Dr Jaya Josie, Economic Performance and Development (EPD, HSRC)

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The World Bank and the International Monetary Fund (IMF) currently dominate international development finance. The current international economic crisis in Europe and the USA may mean that funds from the IMF and the World Bank will be redirected to the struggling European economies. This seminar explores the possibility of the proposed BRICS Development Bank (BDB) being better placed to mobilise much needed development finance resources for sustainable human development among BRICS member states and other developing economies. Can such a BDB focus on mobilising resources for infrastructure and development projects that would respond positively to the problem of insufficient long-term financing and foreign direct investment faced by developing countries? Economic theory suggests that infrastructure investment for the provision of basic services to disadvantaged communities promotes basic human capabilities and, creates conditions for job creation and sustainable economic growth and development.

Kindly RSVP by 1 September 2013

This seminar may be attended via video conference in Pretoria, Cape Town and KwaZulu-Natal. Details as below. The speakers will present in Cape Town.

Cape Town: HSRC, 12th Floor, Plein Park Building (Opposite Revenue Office), Plein Street, Cape Town. Contact Jean Witten, Tel (021) 4668004, Fax (021) 461 0299, or JWitten@hsrc.ac.za

Durban: First floor HSRC board room, 750 Francois Road, Ntuthuko Junction, Pods 5 and 6, Cato Manor, Contact Ridhwaan Khan, Tel (031) 242 5400, cell: 083 788 2786 or RKhan@hsrc.ac.za

Pretoria: HSRC Video Conference, 1st floor HSRC Library Human Sciences Research Council, 134 Pretorius Street, Pretoria. Arlene Grossberg, Tel: (012) 302 2811, e-mail: acgrossberg@hsrc.ac.za