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BRICS Summit May Consider Invoice-Discounting Mechanism to Ease MSME Funding Constraints

BRICS Summit may consider invoice-discounting mechanism to ease MSME funding crunch
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInstitutional Development

Source: The Hindu Business Line | Original Published At: 2026-09-08 15:52:04 UTC

Key Points

  • The Jaipur Consensus adopted at the 16th BRICS Trade Ministers’ Meeting provides for a study of a BRICS invoice-discounting mechanism to ease MSME trade-finance constraints.
  • The proposed mechanism could help exporting MSMEs obtain financing against unpaid invoices while awaiting payment from overseas buyers.
  • Trade ministers agreed on guiding principles for assessing export-oriented MSMEs’ creditworthiness, emphasizing cash flows and business prospects over assets and collateral.
  • A BRICS global value chains workplan includes a 2026–30 Action Plan envisaging a BRICS Technical Council, BRICS Connect and a joint study.
  • Discussions also covered potential supply-chain and investment-promotion platforms in pharmaceuticals and food security.
  • According to an unnamed source, proposed BRICS principles for safe and secure cross-border digitally delivered services could also be presented at the summit.
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