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06 July 2021

Webinar to focus on the BRICS Development Bank finance for the Global South in the post COVID-19 era

Human Sciences Research Council (HSRC)
Press Release

Pretoria, Tuesday 6 July 2021 –  The Human Sciences Research Council’s (HSRC) BRICS Research Centre and partners, will hold a webinar to look at the role of the BRICS Bank and how it finances development in a post COVID-19 world.  Held under the banner, the BRICS bank finance-development in the post COVID-19 era for the global south, the virtual event will be held on Wednesday 7 July 2021 at 12h00 Harare/Pretoria Time / 18:00 Beijing Time.

The webinar will explore how the BRICS Development Bank could help to resolve the economic challenges arising from the COVID-19 pandemic and other developmental challenges in the Global South, and continue to fulfil its developmental mandate in this region.

The BRICS Development Bank represents an international mechanism of innovation in the field of international development financing and enhances BRICS as an emerging political and economic power.

However, the BRICS Contingent Reserve Arrangement is currently insufficient to cope with any economic crises. BRICS as an emerging global superpower derives its strength from the BRICS Development Bank, which provides the bulk of financial support to the BRICS member states. The bank provides loans for infrastructure projects as well as investment and economic stimulus package to the BRICS member states and their regional partners.

Despite its critical role in the region, the BRICS Development bank is under strain from the economic impacts of the COVID-19 pandemic.

There is therefore a need to strengthen its resilience, so that it can continue to drive economic growth in the Global South and beyond.

The webinar is organised in partnership with the Academy of Contemporary China and World Studies (ACCWS), South African BRICS Think Tank and National Institute for the Humanities and Social Sciences (NIHSS).

This webinar can be accessed via the Zoom link: Please click on the link to register beforehand.
Details of the Webinar
Date:             7 July 2021
Time:             12h00 Harare/Pretoria Time / 18:00 Beijing Time
Zoom Link:

For interviews, please contact Adziliwi Nematandani, 0827659191, email:

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About the Human Sciences Research Council (HSRC)

The HSRC was established in 1968 as South Africa’s statutory research agency and has grown to become the largest dedicated research institute in the social sciences and humanities on the African continent, doing cutting-edge public research in areas that are crucial to development.

Our mandate is to inform the effective formulation and monitoring of government policy; to evaluate policy implementation; to stimulate public debate through the effective dissemination of research-based data and fact-based research results; to foster research collaboration; and to help build research capacity and infrastructure for the human sciences. 

The Council conducts large-scale, policy-relevant, social-scientific research for public sector users, non-governmental organisations and international development agencies. Research activities and structures are closely aligned with South Africa’s national development priorities.

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