Entertainment » OtherPosted at: Oct 16 2016 9:56PM BRICS calls for making public investment in long term projects, agrees to fast track setting up of BRICS Rating AgencyBenaulim, Goa, Oct 16 (UNI) Prime Minister Narendra Modi today said that BRICS countries felt that it was necessary to make public investments in long term projects with new vigour and agreed to fast track setting up of BRICS Rating Agency in order to further bridge the gap in financial structure. Making a statement after conclusion of 8th BRICS Summit 2016, he said,''We feel that it is necessary for economies to make public investments in long term infrastructure projects, coordinate macro-economic policy, drive growth, and promote world trade and manufacturing with renewed vigour.'' ''Putting the global economy back on track was another focus point of our deliberations. We recognized the positive contribution of BRICS countries' to global economic growth after the 2008 financial crisis. We emphasized the central role for the WTO as the cornerstone of the multilateral trade architecture. We acknowledged the need to strike a balance between economic development and environmental protection. We welcome the early entry into force of the Paris Climate Agreement. Please log in to get detailed story.Tags: #BRICS calls for making public investment in long term projects# agrees to fast track setting up of BRICS Rating Agency