Russia has budgeted expected New Development Bank financing of $84.4 million for 2027, potentially marking the first step toward restoring lending after the bank suspended investments in 2022.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf is expected to attend the two-day BRICS Parliamentary Forum in India starting October 26.
Lok Sabha Speaker Om Birla expressed hope that the 12th BRICS Parliamentary Forum in New Delhi would adopt a joint declaration by consensus, with terrorism and parliamentary cooperation expected to feature prominently.
India’s Parliament will host the 12th BRICS Speakers’ Summit, with sessions on parliamentary diplomacy, global governance reform, ethical digital transformation and sustainability, and a joint declaration expected.
An ET commentary argues that US sanctions and dollar dominance constrain India, while BRICS discussions on cross-border payment interoperability and local-currency settlement could provide an alternative route, potentially centred on China’s CIPS and the renminbi.
A promotional webinar presented by WH Selfinvest on finanzen.net features currency expert Jürgen Wechsler discussing how the rise of BRICS may affect the global monetary order, the dollar, the euro, commodities and private wealth.
An opinion piece distinguishes the official BRICS Summit from the private iBRICS business event and examines its relationship with the New Development Bank and BRICS financing principles.
South Africa’s high commissioner to India, Anil Sooklal, said BRICS is focused on expanding local-currency trade and building alternative payment systems rather than creating a shared currency, while crediting India’s diplomacy for the New Delhi summit declaration.
The BRICS Theatre Festival in India showcased performances from nine countries, including several BRICS members, under the theme Shared Stories, Shared Futures.
