The BRICS-NDB Knowledge Portal was launched in Mumbai during the second meeting of BRICS Finance Ministers and Central Bank Governors, with India’s Reserve Bank Governor emphasizing stronger collective capacities, innovation, and sustainable development.
India’s External Affairs Ministry said BRICS leaders at the 18th Leaders’ Summit in New Delhi broadly agreed on strengthening multilateralism, reforming global governance, and promoting peaceful resolution of conflicts.
The BRICS New Delhi Declaration emphasized MSME development, trade finance, WTO accession support for Ethiopia and Iran, and reforms of global economic institutions.
At the BRICS summit in New Delhi, President Cyril Ramaphosa called for the equal application of international law, accountability in Palestine, Sudan and Iran, and urgent UN Security Council reform.
Under India’s chairship, BRICS is seeking to deepen cooperation in digital payments, artificial intelligence, digital public infrastructure, quantum technology, semiconductors, startups and other emerging technologies.
The New Delhi Declaration calls on the New Development Bank to scale local-currency financing, diversify funding sources, and support infrastructure and sustainable development as the lender enters its second decade.
BRICS countries, in their New Delhi Declaration, agreed to strengthen international cooperation against illicit financial flows, terrorism financing, drug-related money laundering, and misuse of digital financial channels.
Indian leaders welcomed the BRICS Summit hosted in New Delhi, saying it could enhance India’s global standing, expand trade opportunities, and deepen diplomatic engagement.
BRICS leaders, including Russian President Vladimir Putin, planted a banyan tree at the summit in New Delhi as a symbol of unity, coinciding with the group’s 20th anniversary and discussions on economic, financial and global governance cooperation.
