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BRICS explained: The bloc’s origins, members and its challenge to the global order

BRICS explained: The bloc’s origins, members and its challenge to the global order
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentSustainable Development

Source: The News Minute | Original Published At: 2026-09-14 12:00:14 UTC

Key Points

  • India hosted the 18th BRICS Summit in New Delhi on September 12 and 13, and the summit adopted the 140-paragraph New Delhi Declaration.
  • BRICS is a grouping of 11 emerging economies that operates through rotating presidency and consultations, without a founding treaty, permanent secretariat, or common budget.
  • The declaration called for reform of the UN Security Council, IMF, World Bank, and WTO, and criticized unilateral tariffs, non-tariff measures, and unilateral or secondary sanctions.
  • BRICS backed greater use of national currencies and cross-border payments, as well as cooperation on artificial intelligence, critical minerals, health, energy transition, and climate.
  • On West Asia and Ukraine, the declaration used carefully negotiated language, urging restraint, dialogue, protection of civilians, and support for Palestinian statehood.
  • A separate controversy over the all-vegetarian gala dinner menu did not affect the summit’s formal outcomes.
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