BRICS backs measures to draw private capital into infrastructure

Source: Livemint | Original Published At: 2026-09-11 10:13:07 UTC

Key Points

• BRICS finance ministers and central bank governors backed measures to make emerging-market infrastructure projects more attractive to private investors.
• The measures include stronger public-private partnership frameworks, de-risking mechanisms and multilateral guarantees.
• A joint statement after the Mumbai meeting said development finance, private investment and infrastructure spending are critical amid geopolitical tensions, trade fragmentation and financial vulnerabilities.
• BRICS welcomed the work of its Task Force on PPPs and Infrastructure, including a technical report intended to serve as a reference for member countries.
• BRICS welcomed progress on the New Development Bank-prepared Multilateral Guarantees initiative, with pilot transactions aimed at mobilising private capital and lowering financing costs.
• BRICS encouraged the New Development Bank to expand local-currency financing, strengthen project preparation, diversify funding sources and consider membership expansion.
• BRICS also supported a phased, consensus-based approach to a proposed New Investment Platform and called for greater representation of emerging and developing economies in global financial institutions.