BRICS at 20 and What the 18th Summit Is About
India hosts the 18th BRICS Summit in New Delhi as the grouping marks 20 years and expands to 11 members.
India hosts the 18th BRICS Summit in New Delhi as the grouping marks 20 years and expands to 11 members.
At the opening session of the BRICS leaders’ summit in New Delhi, Indian Prime Minister Narendra Modi proposed a roadmap for reforming global governance and said the bloc should not be against anyone.
The group arrives at its New Delhi summit with growing economic weight but deep divisions over major global crises.
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.
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.
The 18th BRICS Summit opened in New Delhi under India’s chairmanship, with leaders meeting on global governance, trade, finance, energy, development and multilateral institution reforms.
An opinion piece argues that India should use the BRICS summit to redefine the grouping as a platform for more choices, including payment interoperability and governance reform at the New Development Bank.
India’s UPI and Brazil’s Pix are exploring links with foreign central banks to expand cross-border payments within and beyond BRICS.
India’s BRICS presidency highlights diplomatic protocol choices and internal challenges as the grouping faces geopolitical tensions and limited consensus.