BRICS Discusses Payment Corridor to Reduce Dollar Dependence
Proposal links instant payment systems, digital currencies, and trade in local currencies
Proposal links instant payment systems, digital currencies, and trade in local currencies
BRICS negotiators are working to finalize a joint declaration on sensitive geopolitical issues ahead of leaders’ arrival in India.
India will propose a BRICS framework for faster financial and investigative information sharing to track economic fugitives and support extradition and asset recovery efforts.
The group is focusing on integrating new members and partner countries into its cooperation mechanisms following its expansion from five to 11 members.
An opinion commentary argues that BRICS should move beyond consensus-driven declarations toward sector-specific minilateral coalitions that help businesses build projects, deepen markets, and secure supply chains.
An opinion column outlines priorities for India’s BRICS chairship, focusing on dialogue, supply-chain resilience, sustainability and more representative global governance.
India’s finance minister reviewed BRICS Finance Track outcomes ahead of the September 9–10 meeting of finance ministers and central bank governors in Mumbai.
India’s BRICS presidency is expected to emphasize payment connectivity and local-currency settlement, drawing on its experience with UPI.
South African High Commissioner Anil Sooklal highlighted summit priorities and cooperation on trade, finance and sectoral development ahead of the September 12–13 meeting in New Delhi.