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How BRICS can provide mortar for a new world order

How BRICS can provide mortar for a new world order
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: The New Indian Express | Original Published At: 2026-05-11 18:30:00 UTC

Key Points

  • India holds the 2026 BRICS presidency while balancing its role in the Western-aligned Quad security architecture.
  • BRICS expanded significantly in 2024-2025, adding Egypt, UAE, Ethiopia, Iran, Saudi Arabia, and Indonesia as full members.
  • The New Development Bank has approved $43 billion in infrastructure projects, and BRICS Pay launched in 2026 to facilitate local currency trade.
  • US threats of 100% tariffs against nations moving away from the dollar faced legal roadblocks and limited public support.
  • Internal disagreements between Iran and UAE regarding West Asia hindered joint statements during recent deputy foreign ministers' meetings.
  • The author argues India must clarify its stance between aligning with the Global South or the West to ensure the summit's success.
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