iBRICS Summit 2026, a business event

Source: Jornal Económico | Original Published At: 2026-10-20 23:06:46 UTC

Key Points

• The article distinguishes the official BRICS Summit in New Delhi from the private iBRICS Summit business event held on the same dates.
• The iBRICS Summit was organized by the Sovereign Wealth Fund Institute and focused on connecting institutional investors with projects in BRICS and partner countries.
• It highlights the New Development Bank’s role in financing projects based on sustainable development, local-currency use, non-interference and respect for sovereignty.
• The piece contrasts the New Development Bank’s approach with IMF and World Bank conditionalities and questions why the Bank was not centrally involved in the parallel business event.
• It notes New Development Bank President Dilma Rousseff’s plan to scale up financing for the Global South through local-currency instruments and private co-financing.