At a BRICS finance seminar in Jaipur, India’s finance minister highlighted the New Development Bank’s role in attracting private capital through stronger investment frameworks and risk sharing.
An analysis by Nilanjan Ghosh examines how BRICS could translate greater Global South representation into development financing, connected infrastructure and innovation cooperation.
Iranian Central Bank Governor Abdolnaser Hemmati said Iran will soon become a member of the New Development Bank, the BRICS-established lender, ahead of a BRICS finance ministers and central bank governors meeting hosted by India.
Iran’s central bank governor said Iran will soon become a member of the New Development Bank as BRICS finance ministers and central bank heads meet in India.
Maharashtra Deputy Chief Minister Eknath Shinde called for BRICS cities to share technology, experience and innovation to build sustainable, citizen-centric urban development.
Mumbai will host the BRICS Friendship Cities Conclave 2026 on August 11-12, focusing on climate resilience, urban heat, transport, air pollution, housing, and AI-enabled governance.
At the BRICS Trade Ministers’ Meeting in Jaipur, Indonesia advocated wider MSME financing access, resilient global value chains and stronger multilateral trade cooperation.
Brazil’s government plan places South-South cooperation at the centre of foreign policy, with strengthening BRICS and reforming multilateral institutions as key priorities.
The 10th BRICS Industry Ministers’ Meeting in Jaipur adopted a joint declaration and advanced cooperation on MSMEs, photovoltaics, startups and industrial resilience.
