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Putin advocates strengthening capacities of BRICS New Development Bank

Putin defende reforço das capacidades do Novo Banco de Desenvolvimento
Countries
IndiaRussia
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: Notícias ao Minuto | Original Published At: 2026-09-13 08:51:56 UTC

Key Points

  • Russian President Vladimir Putin said at a BRICS summit in New Delhi that strengthening the New Development Bank's capacities and updating its business model is urgent.
  • He noted that the bank has financed 123 projects worth nearly USD 40 billion but said financing needs are much greater.
  • Putin proposed a new investment platform using modern financial technologies, including digital assets, to attract long-term and private capital for BRICS and partner economies.
  • He asked BRICS members to consider Russian initiatives, including a reinsurance mechanism and a grain exchange within the bloc.
  • The article describes the BRICS partner category created in 2024 to engage countries without full membership.
  • It notes that BRICS expansion increased the bloc's international weight but complicated consensus-based decision-making.
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