Iran working on New Development Bank membership as BRICS cooperation hailed at Modi-Pezeshkian meeting

Source: ANI (Asian News International) | Original Published At: 2026-09-12 08:39:26 UTC

Key Points

• Iranian Foreign Minister Abbas Araghchi said Tehran is working to become a member of the BRICS New Development Bank and that some countries have extended support.
• Araghchi made the remarks while attending the 18th BRICS Summit in New Delhi and described Iranian President Masoud Pezeshkian’s bilateral meeting with Indian Prime Minister Narendra Modi as strong.
• He noted that discussions among leaders of Russia, India, and Iran on using local and national currencies attracted global attention.
• Pezeshkian also held bilateral meetings with leaders of Ethiopia and Malaysia and called for stronger economic and financial relations among BRICS member countries.
• Prime Minister Modi thanked Iran for its participation in BRICS-related meetings and the BRICS Business Forum, highlighting BRICS’ potential to promote resilience, innovation, cooperation and sustainability in the Global South.
• The two leaders discussed West Asia, with Modi reiterating India’s position that issues should be resolved through dialogue and diplomacy.
• Iran became a full BRICS member in January 2024 along with Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates.