Iran Working on Joining BRICS Development Bank – Foreign Minister
Iranian Foreign Minister Abbas Araghchi said Iran is working on joining the BRICS New Development Bank.
Iranian Foreign Minister Abbas Araghchi said Iran is working on joining the BRICS New Development Bank.
Experts discuss expectations for the BRICS Summit 2026, including economic cooperation, alternative payment systems, the India-China relationship, global conflicts, and BRICS’s evolving role as a Global South platform.
Hoda A. Al Khzaimi, part of the UAE delegation to the BRICS women-led development summit, argues that BRICS should move from technology consumption to developing AI capability, intellectual property, resilient value chains, and stronger cyber defences.
The commentator argues that Western measures, including excluding Russia from SWIFT and using the dollar as a pressure tool, have accelerated a shift of economic power toward BRICS countries.
At the 18th BRICS Summit in New Delhi, Iran’s foreign minister said Tehran is pursuing membership in the BRICS New Development Bank and praised cooperation with India.
BRICS leaders gathered in India for a two-day summit focused on technology, global governance, climate finance, and sustainable development, while facing the challenge of issuing a joint declaration amid tensions between Iran and the United Arab Emirates.
As India hosts the 18th BRICS Summit, new trade data show China accounting for a larger share of BRICS merchandise trade, while India’s share remains considerably smaller.
The Indian Congress urged the government to use India’s BRICS chairmanship to strengthen solidarity, trade, and financial cooperation within the grouping.
A BRICS meeting in New Delhi brings together India, China and Russia, but the grouping’s impact will depend on whether expanded BRICS can deliver practical cooperation despite internal divisions and weak institutional mechanisms.