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Expanded BRICS Calls for Global Institutional Reform at New Delhi Summit

BRICS Expands to 11 Members, Calls for Institutional Reform at New Delhi Summit
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentPeace & DevelopmentSustainable Development

Source: Natural News | Original Published At: 2026-11-10 13:43:27 UTC

Key Points

  • The article reports that eleven BRICS members met in New Delhi on September 12–13, 2026, and adopted the New Delhi Declaration.
  • The declaration called for reform of the United Nations, International Monetary Fund and World Bank, with greater representation for developing countries.
  • The reported agenda emphasized sovereign equality, inclusiveness, consensus and the continuity of trade, supply chains and energy flows.
  • Financial cooperation focused on local-currency trade, interoperable cross-border payments and diversification, rather than announcing a common BRICS currency.
  • Leaders reportedly emphasized the New Development Bank's role in infrastructure, sustainability and local-currency financing.
  • The article describes BRICS as a forum for diplomacy and development cooperation among members with overlapping interests and differing priorities.
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