These are the findings of a new paper by the Institute for Security Studies (ISS).
Through its membership to IBSA, and specifically through the IBSA Facility for the Alleviation of Poverty and Hunger (IBSA Fund), South Africa has already been involved in projects that have had a big impact – despite having a small budget.
In 2014, BRICS established the New Development Bank (BRICS Bank), which will initially focus on development projects within the BRICS countries. What exactly do these developments mean, and how can South Africa use these to enhance its PCRD activities on the continent?
The new ISS paper shows that South Africa’s membership of these multilateral arrangements can potentially play a significant role in its PCRD activities. However, since the BRICS Bank and the South African Development Partnership Agency (SADPA) have just been launched, there is still a lot of uncertainty over how this would work.