Beyond De-dollarisation: BRICS Search for Financial Resilience
An analysis argues that BRICS should prioritize interoperability, liquidity, crisis resilience, and modular cooperation to build practical cross-border payment options.
An analysis argues that BRICS should prioritize interoperability, liquidity, crisis resilience, and modular cooperation to build practical cross-border payment options.
BRICS leaders adopted a 140-point joint statement at their New Delhi summit calling for reforms of Western-dominated financial institutions while avoiding direct references to the United States or President Donald Trump.
BRICS Pay is being developed to connect national payment systems, reduce reliance on SWIFT, and facilitate cross-border transactions in local currencies among BRICS members.
The 2026 BRICS Summit in New Delhi adopted the New Delhi Declaration on the first day, underscoring India’s chairmanship and BRICS cooperation on financial reform, local currencies, and digital public infrastructure.
A South African specialist says China’s upcoming rotating BRICS leadership may deepen cooperation in local-currency payments, artificial intelligence, clean energy, development finance and reforms to strengthen the Global South’s influence.
China’s upcoming BRICS presidency is urged to build on the New Delhi summit by advancing concrete development, institutional capacity, and diplomatic coordination.
India’s chairmanship of the 18th BRICS Summit produced consensus and a long declaration, but implementation and strategic direction remain challenges.
Business leaders at the India Today BRICS Roundtable in New Delhi discussed cross-border trade, manufacturing, and investment opportunities within BRICS, with particular focus on India-South Africa business links.
The article analyzes whether the 18th BRICS Summit and the New Delhi Declaration reflect a substantive shift in India’s foreign policy or primarily signal diplomatic optics and consensus-building.