International Banking: Payments
Lord Kamall Excerpts(2 days ago)
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Lord Livermore (Lab)
I am afraid I do not have that specific information to hand, but I am more than happy to write to the noble Lord.
Lord Kamall (Con)
My Lords, we know that the BRICS grouping of countries is looking to expand, and has recently invited allies of ours, such as the United Arab Emirates and Saudi Arabia, dare I say it. What conversations do the Government intend to have with those two allies, particularly as the BRICS grouping promotes its alternative international financial system?
Lord Livermore (Lab)
As I said earlier, we absolutely respect each country’s right to choose its own path and its own partners, including which international groupings it associates with. The UK will continue to collaborate on international challenges with countries right across the globe—including the BRICS members that he mentions—in forums such as the UN and the G20, to build an open, stable and prosperous world.