India’s BRICS Presidency gathers momentum with key Ministerial meets early August

Source: The Economic Times | Original Published At: 2026-08-02 03:32:00 UTC

Key Points

• India will host four BRICS ministerial meetings on trade and investment, finance and central bank governors, culture, and statistics in northern and central India.
• The meetings are part of India's BRICS presidency and precede the BRICS summit scheduled for September 12-13 in Delhi.
• BRICS member states are seeking to boost trade in national currencies and address tariffs, unilateral sanctions, and reforms of multilateral financial institutions.
• BRICS has called for reforms to make the World Bank and IMF more agile, effective, inclusive, unbiased, accountable, and representative.
• BRICS foreign ministers emphasized resilient supply chains and broader participation of developing economies in higher-value global manufacturing segments.
• The foreign ministers condemned unilateral coercive measures and said such sanctions harm development, health, food security, vulnerable populations, the digital divide, and environmental challenges.