BRICS Bank approves up to US$395 million for elevated corridor in India
New Development Bank financing will support urban mobility modernization in Hyderabad through elevated expressways and congestion reduction.
New Development Bank financing will support urban mobility modernization in Hyderabad through elevated expressways and congestion reduction.
An analyst says New Delhi aims to strengthen BRICS as a Global South platform while preventing the grouping from becoming an explicitly anti-Western coalition.
The New Development Bank is exploring local-currency operations to resume lending to Russia and reduce dependence on the dollar amid sanctions.
Valdai Club expert Andrei Kortunov said consensus-based groupings such as BRICS, SCO and APEC are shaping a new international architecture, contrasting them with NATO.
BRICS Pay is being developed to connect national payment systems, reduce reliance on SWIFT, and facilitate cross-border transactions in local currencies among BRICS members.
A South African specialist says China’s upcoming rotating BRICS leadership may deepen cooperation in local-currency payments, artificial intelligence, clean energy, development finance and reforms to strengthen the Global South’s influence.
China’s upcoming BRICS presidency is urged to build on the New Delhi summit by advancing concrete development, institutional capacity, and diplomatic coordination.
The 18th BRICS summit took place in India on September 12 and 13, with President Lula absent and Chinese President Xi Jinping making his first visit to India in seven years.
Source: Brasil 247 | Original Published At: 2026-09-16 19:23:32 UTC