BRICS’ role in making room for Global South in post-colonial world

Source: ANI (Asian News International) | Original Published At: 2026-09-10 06:52:20 UTC

Key Points

• India is hosting the 2026 BRICS Summit, and the grouping is presented as a voice for the Global South seeking a more multipolar world.
• BRICS has supported permanent United Nations Security Council seats for India and Brazil, with China and Russia reiterating backing in the 2025 BRICS declaration.
• The New Development Bank, launched in 2015, has approved USD 42.9 billion in financing for 139 projects and is described as an alternative to the World Bank and IMF.
• The NDB expanded membership in 2021 and has increased local currency financing as part of broader cooperation among emerging markets and developing countries.
• De-dollarisation and interoperable digital payments are highlighted as key BRICS economic directions, though the article notes concerns about trust in China’s dominant role.
• BRICS is framed as seeking reform and space within existing global institutions rather than their complete dismantling, while promoting Global South perspectives on development and modernity.