BRICS Unity Tested After Two Decades of Expansion
The group arrives at its New Delhi summit with growing economic weight but deep divisions over major global crises.
The group arrives at its New Delhi summit with growing economic weight but deep divisions over major global crises.
Iranian President Masud Pezeshkian said at the BRICS summit that confronting unilateral sanctions is a priority for BRICS members and that lasting security requires respect for national sovereignty.
BRICS negotiators agreed on a common declaration ahead of the New Delhi summit, seeking to project unity and strengthen the bloc’s influence on the international stage.
BRICS Pay is expanding its cross-border payment network, with memorandums signed with companies in China, Belarus and Turkey and plans to connect additional national payment systems.
Ramaphosa urged BRICS to invest in industry, technology, energy, infrastructure and logistics to strengthen the economic autonomy of the Global South.
BRICS has adopted the New Delhi Declaration, highlighting conflict prevention and raising concerns over unilateral tariffs.
BRICS finance ministers and central bank governors reaffirmed closer economic and financial cooperation, called for reforms of global financial institutions, and advanced initiatives involving the New Development Bank and the Contingent Reserve Arrangement.
At the 12th BRICS Communications Ministers Meeting, India proposed digital public infrastructure repositories, capacity-building centers, and voluntary pilot programmes to support BRICS digital transformation.
BRICS members adopted the Delhi Declaration by consensus at the India-hosted summit after resolving differences between Iran and the UAE over the West Asia conflict.