2013 BRICS YOUTH COMMUNIQUÉ – ON THE PROPOSED CREATION OF A BRICS DEVELOPMENT BANK

The 2013 BRICS Youth Communiqué outlines a series of recommendations for the proposed BRICS Development Bank (BDB), advocating for an independent institution that is inclusive of all member nations regardless of financial status. The youth propose locating the bank in either Shanghai, China, or South Africa, utilizing the Chinese Renminbi (Yuan) as the primary currency, and establishing branches in each member state. The communiqué emphasizes a focus on the developing world, suggesting a phased approach starting with pilot projects within BRICS nations and the creation of a dedicated youth programme funding area for education and employment.

• The communiqué recommends that the BRICS Development Bank be established as an independent entity, free from government political influence, and inclusive of all BRICS nations regardless of their financial status or contribution.
• The youth propose that the bank be located in either South Africa or Shanghai, China, citing China's established banking IT systems and South Africa's role in increasing trade between BRICS and Africa.
• Regarding funding and currency, the document suggests a system of equal partnership and funding for all members, the use of the Chinese Renminbi (Yuan) as the primary currency, and the need for additional funding beyond the initial $10-billion pledge per member to ensure long-term sustainability.
• The communiqué advocates for a strategic rollout of projects, starting with pilot grant models within BRICS countries before expanding to the wider developing world, with a specific requirement for a separate youth programme funding area focusing on education, skills development, and employment.

APA

South African Institute of International Affairs (2013). 2013 BRICS YOUTH COMMUNIQUÉ – ON THE PROPOSED CREATION OF A BRICS DEVELOPMENT BANK. https://saiia.org.za/research/2013-brics-youth-communique-the-proposed-brics-development-bank/

Chicago

South African Institute of International Affairs. 2013 BRICS YOUTH COMMUNIQUÉ – ON THE PROPOSED CREATION OF A BRICS DEVELOPMENT BANK. 2013. https://saiia.org.za/research/2013-brics-youth-communique-the-proposed-brics-development-bank/.

Wikipedia

{{cite press release |author=South African Institute of International Affairs |title=2013 BRICS YOUTH COMMUNIQUÉ – ON THE PROPOSED CREATION OF A BRICS DEVELOPMENT BANK |date=25 March 2013 |url=https://saiia.org.za/research/2013-brics-youth-communique-the-proposed-brics-development-bank/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{southafricaninstituteofinternationalaffairs20132013, author = {{South African Institute of International Affairs}}, title = {{2013 BRICS YOUTH COMMUNIQUÉ – ON THE PROPOSED CREATION OF A BRICS DEVELOPMENT BANK}}, publisher = {South African Institute of International Affairs}, year = {2013}, month = mar, url = {https://saiia.org.za/research/2013-brics-youth-communique-the-proposed-brics-development-bank/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }