Malaysia’s PM Anwar Calls for Fairer Global Financing at BRICS Summit

Source: The Star | Original Published At: 2026-09-13 13:30:00 UTC

Key Points

• Prime Minister Anwar Ibrahim spoke at the end of the 18th BRICS Leaders Summit in New Delhi during the National Statement on Shaping the Future for Inclusive Global Growth.
• He said many developing countries face debt distress, with some spending more on interest payments than on education and healthcare.
• Anwar called for a fairer global financing system and said financing must be fit for purpose so that meeting basic needs does not create unsustainable debt.
• He highlighted the role of the New Development Bank, local currency settlement mechanisms, Islamic capital markets, and sustainable commercial capital.
• Anwar urged concrete action against unfair trading practices and cooperation in emerging fields such as semiconductors and artificial intelligence.
• He said countries should be allowed to pursue green transitions at different speeds and paths, including investment in carbon capture, utilisation, and storage technologies.
• Anwar described BRICS as offering geo-economic advantages through its integrated market, trade diversification, and reduced over-reliance on traditional Western markets.
• He said Malaysia, as a BRICS Partner Country, hopes to contribute to strategic autonomy and shared prosperity.