BRICS SUMMIT the Chairman of the INTERBANK MECHANISM cooperation BRICS Misterova SPEECH TRANSLATION - BANKS PROVIDE THE LIFEBLOOD OF THE WORLD ECONOMY

Thank you, please speak to the chairman of the INTERBANK MECHANISM cooperation BRICS Misterova 

Dear leaders ladies and gentlemen Dear Vladimir Vladimiro, development banks are called upon to help the government and people overcome challenges moving towards a more just WORLD ORDER recognized by our partner in the MECHANISM OF INTERBANK cooperation BRICS, we are grateful to them for their active joint meaningful work in the year of their chairmanship in the Russian Federation among the topics which were worked out by the members of the MECHANISM, I will name the main ones: Trade financing in national currencies, innovative mechanisms for financing infrastructure projects, in particular the so-called mixed financing, the formation of voluntary markets for carbon units of the BRICS countries and interaction with financial and development institutions, primarily with the NEW DEVELOPMENT BANK, as is the case today It was repeatedly said within the framework of the business forum that you emphasized that the unification economy in the foreseeable future will generate the main increase in global GDP, of course, this requires the Fore itself, including a strong one and not subject to influence from the non-financial system, a special role in strengthening our financial cooperation here belongs to the new development bank about this was also said today, this bank also took part in the events of the interbank cooperation mechanism. 

We are ready to work on further deepening both multilateral and bilateral relations with partner financial institutions. We agreed on an update with China. We signed an agreement on credit lines in national currencies. We expect that this document join Brazil and India In addition, we have begun work on expanding the format by nominating organizations from the new Brix member states. Unfortunately, at the moment, only Iran has submitted Liban banks to the VFO of the country of new BRICS members so that such organizations can be nominated as quickly as possible for in order for the mechanism to work in full, especially in the year of Brazil's presidency, the exchange of experience between banks members of the MS Brie, the organization of blended finance was at the center of our work, the Russian Federation presented its main product, this is the Fabri program of project financing financing when various sources of funding are used will improve the prospects for the implementation of joint projects by members of the mechanism in a multilateral format, the scale of the tasks facing us clearly indicates that we need to join forces to implement, first of all, cross-border projects in such areas as transport infrastructure and high-tech industry, together with the Russian Ministry of Economic Development, we plan to develop interaction on tools for assessing the quality of life and the effectiveness of projects, including in the field of public-private partnership at the level of the BRICS countries, the development of public-private partnership mechanisms is the traditional mandate of development banks in the world. In the format of our association, we could think not only about exchanging best practices, but also about expanding the practice of implementing PPP projects with the participation of businesses from friendly countries and with the participation of banks and development of member countries, and this work can also be carried out under the leadership of the new development bank. An important agenda of the uniting BRICS country is the issue of sustainable development and, in particular, the joint implementation of projects that help national economies adapt to climate change, while the members of the mechanism are united in their understanding that achieving the goal of carbon neutrality cannot run counter to other priorities of sustainable development, namely the growth of the quality and standard of living of people, energy food security, availability of drinking water, inclusivity of education, as the main Russian development finance institution, we are promoting the movement towards carbon neutrality together with partners and count on for broad cooperation with other development financing institutions within the framework of BRICS plus the countries of the association have great potential for implementing natural and climate projects; 

our economies are the largest producers of energy and at the same time the largest consumers; this opens up significant prospects for the formation of a common voluntary market of carbon units; moving in this direction is required development of a concept for creating such a market, rules of procedures and order of its functioning during the chairmanship, we have taken only the first steps in this direction. We are ready to continue such interaction, including during the upcoming conference Cop-2020, modernization of urban transport, energy facilities, water supply, housing and communal services, we are ready ready to share this expertise with our partners in conclusion 

Let me welcome the Brazilian Development Bank VAT as the chairman of the Bris interbank cooperation mechanism in 2025 we express our readiness to provide worldwide support and assistance to the VAT under its chairmanship thank you We wish you success 

Thank you for your work as this is the most important direction of our activities, BANKS PROVIDE THE LIFEBLOOD OF THE WORLD ECONOMY in the economies of the BRICS MEMBER countries Thank you again for your work and we really wish success to your Brazilians and our partners,