BRICS Ticks the Right Boxes

Source: The Tribune | Original Published At: 2026-09-13 19:34:42 UTC

Key Points

• India convened the BRICS 2026 summit and secured consensus on a 140-paragraph New Delhi Declaration after the earlier BRICS foreign ministers’ meeting ended without a joint statement.
• The declaration addressed Middle East tensions without naming specific countries, balancing concerns raised by Iran and the United Arab Emirates.
• The text condemned terrorism in all forms, specifically denounced the April 2025 Pahalgam terror attack, and called for action on terror financing and safe havens.
• The declaration supported comprehensive UN reform, greater representation for India and Brazil, and changes to the voting power and priorities of the IMF and World Bank.
• India proposed a continuity and implementation mechanism, including a troika, for BRICS outcomes, although a 10-point Reform Roadmap was not adopted as a formal deliverable.
• On energy and trade, the declaration acknowledged the role of fossil fuels for developing economies and opposed unilateral CBAM-type measures and unilateral tariff or non-tariff measures inconsistent with WTO rules.
• BRICS finance ministers discussed efficient cross-border payments and local currencies, while the article noted there was no push for a BRICS currency.