BRICS bank at a crossroads
An opinion article calls for the New Development Bank to expand transition finance for hard-to-abate sectors through capital reforms and greater private-sector lending.
An opinion article calls for the New Development Bank to expand transition finance for hard-to-abate sectors through capital reforms and greater private-sector lending.
Proposals stemming from the Jaipur trade ministers’ meeting could receive leaders’ backing, covering MSME finance, global value chains and digitally delivered services.
As India prepares to host the 18th BRICS summit, the key question is whether the expanded grouping can translate its economic and political weight into a more coherent voice for a multipolar world.
Brazil’s foreign minister says BRICS is not pursuing de-dollarisation or a common currency, while highlighting flexible payment mechanisms, trade cooperation and institutional reform.
BRICS Summit under India’s 2026 chairship will focus on national currencies for cross-border payments, boosting New Development Bank’s role, and enhancing financial cooperation to strengthen economic resilience.
Analysts and former diplomats discussed BRICS’ expanding role, India’s presidency priorities, institutional cooperation, financial alternatives, and implementation challenges ahead of the 18th BRICS Summit in New Delhi.
India’s 2026 BRICS Presidency highlights trade, investment, resilient supply chains and broader cooperation among emerging economies.
AI applications in healthcare, weather forecasting and agriculture, alongside New Development Bank financing, illustrate BRICS countries’ support for practical development across the Global South.
India will host the BRICS Summit 2026 in New Delhi on 12-13 September, aiming to amplify the Global South’s voice while balancing China’s influence and US pressure.