BRICS Backs Easier Finance For MSMEs, Invoice Discounting Mechanism Under Study
BRICS reaffirmed support for MSME financing, credit assessment frameworks, digital trade finance and a proposed invoice discounting mechanism at the New Delhi Summit.
Finance
No proposal for BRICS currency as of now, says MEA
India’s External Affairs Ministry said there is no current proposal for a common BRICS currency, while the BRICS Payment Task Force continues exploring local-currency settlement and cross-border payment mechanisms.
From Tariffs to Terrorism: India’s Strong Show at 18th BRICS Summit; Historic Declaration Adopted with Tough Stance
India hosted the 18th BRICS Summit in New Delhi and secured consensus on a 45-page New Delhi Declaration addressing terrorism, Western trade measures, regional conflicts, and local currency trade.
India praised for AI focus at BRICS summit as New Delhi Declaration 2026 adopted
At the 18th BRICS Summit in New Delhi, an Egyptian AI expert praised India’s leadership and the summit’s emphasis on artificial intelligence, sovereign AI, technology cooperation, and the adoption of the New Delhi Declaration 2026.
UN Calls BRICS an Important Platform, Urges Financial Institution Reforms and No Double Standards on Terrorism
A UN spokesperson said BRICS has become a strong platform for emerging voices beyond Western countries, while highlighting India’s chairmanship and the New Delhi declaration.
BRICS Declaration Opposes EU Carbon Border Tax, Emphasizes Energy Security
BRICS countries’ New Delhi declaration identifies energy security as central to development and rejects unilateral carbon border measures such as the EU CBAM.
BRICS backs local currency transfers, flags indiscriminate tariffs and sanctions
A BRICS declaration supported local currency trade settlements and cross-border payment cooperation while criticizing unilateral tariffs, sanctions, and coercive measures.
Unified payment, not BRICS currency, on the table: MEA
India said there is no proposal for a common BRICS currency, while BRICS members are exploring local-currency settlement to reduce transaction costs and improve cross-border trade payments.
BRICS Delhi Declaration: What India Achieved Amid Xi, Putin and the Global South
Xi Jinping and Vladimir Putin shared the stage at the BRICS summit, but the article argues the central story was India’s diplomacy and its ability to build consensus.