BRICS Summit Adopts Statement Seeking Financial Reforms, Avoids Naming U.S.

Source: Natural News | Original Published At: 2026-09-19 16:50:36 UTC

Key Points

• BRICS leaders adopted a 140-point joint statement at their annual summit in New Delhi, India, calling for major reforms of Western-dominated financial institutions.
• The statement urged reforms of the World Trade Organization, International Monetary Fund and World Bank to give developing countries a greater role in policymaking.
• Indian Prime Minister Narendra Modi called for reforms in representation, responsiveness and rule-making, and for a greater role for the Global South in international decision-making.
• The declaration criticized tariff increases, non-tariff measures and protectionism under environmental pretexts but did not name the United States or President Donald Trump.
• Russia, China and other members have advanced plans for a new financial payment system to reduce reliance on the U.S. dollar and shield themselves from economic sanctions.
• The statement called for maximum restraint in the Gulf conflict involving the U.S., Israel and Iran, while making no mention of the Russia-Ukraine conflict.
• Central Asian leaders, including Kazakh President Kassym-Jomart Tokayev, emphasized balancing relations with BRICS and Western partners while promoting practical cooperation.