BRICS Trade Ministers to Study Invoice Discounting Mechanism for MSME Financing
BRICS trade ministers agreed to study an Invoice Discounting Mechanism to improve MSME access to trade finance and reduce the global MSME finance gap.
BRICS trade ministers agreed to study an Invoice Discounting Mechanism to improve MSME access to trade finance and reduce the global MSME finance gap.
Commerce Minister Piyush Goyal outlined India’s position on a separate BRICS currency and highlighted ministerial discussions on trade, investment and financing for smaller businesses.
BRICS trade ministers adopted a joint declaration on food security and WTO reform, approved MSME trade-finance measures, and finalised the Strategy for BRICS Economic Partnership 2030 ahead of the New Delhi summit.
The two-day event brings together BRICS members and partner countries to advance creative economy collaboration through film, digital content, financing and technology.
A possible meeting in New York is under discussion, with Middle East developments, UN reform and BRICS membership issues among potential agenda items.
An opinion article examines India’s BRICS presidency and the group’s role in financial cooperation, strategic autonomy, and reform of global institutions.
India will host the second BRICS Anti-Corruption Working Group meeting and the second BRICS Expert Network on Asset Recovery meeting in Hyderabad on August 4–5.
BRICS is expanding local-currency financing and exploring alternative payment infrastructure to reduce dollar dependence through gradual financial cooperation.
India is preparing a series of BRICS ministerial meetings ahead of the September summit in Delhi, with focus on trade in local currencies, financial reform, fair trade, and resilient supply chains.