BRICS Summit 2026: What Will Change for UN, WTO, WHO, IMF and NDB, and Why?
Cooperation areas
Source: ABP News | Original Published At: 2026-09-11 11:16:46 UTC
Key Points
- The 18th BRICS Summit in New Delhi on 12-13 September 2026 will discuss institutional reform of the UN, WTO, WHO, IMF and NDB.
- BRICS countries argue that UN Security Council and Bretton Woods institutions do not adequately reflect the weight of emerging economies and the Global South.
- India and other BRICS members support UN Security Council reform, including permanent membership and greater representation for Asia, Africa and Latin America.
- BRICS has called for restoring the WTO's binding two-tier dispute settlement system and appointing appellate body members, while opposing unilateral tariffs and non-tariff barriers.
- In WHO-related discussions, BRICS has pushed for completion of the pandemic agreement's pathogen access and benefit-sharing component and for global recognition of traditional medicine through WHO-aligned frameworks.
- BRICS finance ministers and central bank governors have sought higher quotas and voting shares for emerging and developing countries in the IMF, along with transparent merit-based selection of IMF and World Bank leadership.
- The NDB has expanded its membership and funding activity, with targets for local-currency financing, panda bonds in China and planned bonds in India, supported by BRICS finance ministers.