Lullu Krugel, senior economist, KPMG in South Africa, shares her view on the role of the BRICS Bank in the development of Small, Medium and Micro-sized Enterprises (SMMEs) in Africa following the fifth annual BRICS Summit.
SMMEs are regarded globally as one of the major catalysts for economic growth and development. This is even more apparent in the aftermath of the global economic downturn.
The BRICS Development Bank and the BRICS Trade and Risk Development Pool could improve market conditions and reduce trade barriers for SMMEs, but is this likely without a specific focus? Find out here.