South Africa has been urging young people to embrace the establishment of the New Development Bank as an alternative financing mechanism. This emerged at the BRICS youth summit currently underway in Limpopo province in South Africa. CGTN's Yolisa Njamela reports.

"Radical Economic Transformation - Making the New Development Bank Work for the Youth". That is the theme of this BRICS Youth Summit. These young people want a BRICS Youth secretariat established as an institution. An institution that is going to help assist in making follow-ups of what has been achieved in the BRICS countries. Speaking at the summit, South Africa's Higher Education and training Deputy Minister Buti Manamela advocated for the New Development Bank to be fully embraced by these young ones.

BUTI MANAMELA SOUTH AFRICAN DEPUTY MINISTER OF HIGHER EDUCATION & TRAINING "As young people, you must embrace the establishment of the The New Development Bank, and the work that it has already started since its launch. We should see this as an alternative financing mechanism that directly challenges the dominance and hegemony of western financing institutions. So, this is not just a development finance institution, but sets the developing world on a different ideological trajectory that does not bind its borrowers to certain undesired political fates, respects their democracy and embrace their national sovereignty."

The BRICS countries comprise of some of the world's most populous nations with young people as the majority.

YOLISA NJAMELA LIMPOPO PROVINCE, SOUTH AFRICA "This conference which precedes the high-level 10th summit of the BRICS bloc is an opportunity to ensure young people play a part in mainstream economy."

The young people here representing their peers from the BRICS countries are also advocating for the policy to ensure that there are youth work streams in the BRICS Business Council. Manamela told the delegates that it's critical to ensure their involvement and show commitment.

BUTI MANAMELA SOUTH AFRICAN DEPUTY MINISTER OF HIGHER EDUCATION & TRAINING "The sustainability of BRICS as an alternative development partnership initiative depends on the commitment of the delegates in this Youth Summit. Your commitment to the BRICS we believe is the breath life into the adage 'nothing for us without us'. It is in your collective interest as young people from BRICS countries that BRICS is sustained for the development of our respective countries."

Once this summit concludes, a BRICS Youth minister's meeting will be held at the same venue. Yolisa Njamela, CGTN, Bela Bela, Limpopo Province, Centurion.