As India has assumed the Chairmanship of BRICS Forum in 2016, the Export-Import Bank of India (Exim Bank), being the nominated member development bank from India under the BRICS Interbank Cooperation Mechanism, has assumed the Chairmanship of the BRICS Interbank Cooperation Mechanism.

To mark the occasion, Exim Bank of India has instituted the BRICS Economic Research Annual Award. The objective of the Award is to encourage and stimulate advanced research on economics related topics of relevance to the member nations of BRICS.

The Award comprises of prize money of Indian Rupees 1.5 million (Rs. 15 lakh) and a citation. The Award would encourage scholars to undertake focused research studies on topics of contemporary relevance to the BRICS nations. The Award will be presented at the Annual BRICS Summit in Goa in October this year in the presence of Heads of States of the five BRICS nations.Entries for the Award are open till June 15, 2016.

“We are very happy to announce the BRICS Economic Research Annual Award under the guidance of the Government of India. As India’s premier financial institution in promoting the country’s international trade, Exim Bank takes pride in recognising intelligent and meaningful research in the areas of international economics. The award will recognise and felicitate one of the best researchers in the field of international economics during the BRICS Annual Summit. We encourage and invite people who have done research in this area to proactively send in their entries for the Award,” said Mr. Yaduvendra Mathur, Chairman and Managing Director of Exim Bank.

Eligible entries for the Award are Doctoral Theses written by nationals of any of the five member nations of BRICS, who have been awarded a Doctorate or accepted for award of a Doctorate from any recognized nationally accredited University or academic institution globally, during the period January 2011 to December 2015. The broad focus of the eligible theses could be International Economics, Trade, Development, and related aspects of Financing, which may also have particular relevance especially to BRICS nations/ member development banks of BRICS.

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