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BRICS: final declaration reinforces defense of global governance reform

Brics: declaração final reforça defesa de reforma da governança global
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentSustainable Development

Source: EBC | Original Published At: 2026-09-16 00:00:00 UTC

Key Points

  • BRICS leaders released the final declaration of the 18th summit in New Delhi, covering global governance, trade, sustainable development, climate, technology, security, and cooperation among developing countries.
  • The declaration calls for more representative global governance, including reform of the United Nations and its Security Council, and notes China and Russia reiterating support for Brazil and India's UN aspirations.
  • Leaders highlighted the New Development Bank as a strategic instrument for financing infrastructure and sustainable development, supporting expanded membership, local currency operations, and a BRICS-NDB knowledge portal.
  • The text promotes interoperable payment platforms, improved cross-border payments, integration of financial messaging channels, and greater use of local currencies in trade settlement.
  • BRICS reaffirmed support for World Trade Organization reform, criticized protectionist tariff and non-tariff measures, and proposed intrabloc trade initiatives, including a BRICS Grain Exchange.
  • The declaration emphasized the role of the Global South, commitment to the UN Agenda 2030, poverty eradication, anti-racism, and greater representation of women in international leadership.
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