PM Modi Calls for Major Reforms at IMF, UN During BRICS Summit

Source: The Financial Express | Original Published At: 2026-09-12 17:34:33 UTC

Key Points

• At the 18th BRICS Summit, PM Narendra Modi called for urgent reforms of the UN Security Council and Bretton Woods institutions such as the IMF and World Bank.
• Modi said IMF voting power, leadership positions and policy priorities should better reflect changing global economic realities and the growing role of emerging market economies.
• He proposed a 10-point action plan for global governance reforms and said BRICS should prepare a reform roadmap by the next summit.
• Modi emphasized that developing countries should help shape future rules for artificial intelligence, cyberspace, outer space, biotechnology and critical technologies.
• He proposed a Seafarers Emergency Support Network and a BRICS Continuity and Implementation Mechanism, including a secure digital repository to track decisions and implementation.
• Modi said the adopted New Delhi Declaration provided clear direction for BRICS commitments and stressed the need to convert them into tangible results over the next 20 years.