BRICS countries meet in New Delhi to strengthen their influence
The BRICS countries, who have been meeting since Friday in the Indian capital for their 18th summit, have emphasized financing for emerging economy projects and food security. Formed 20 years ago, this group aims to strengthen its influence by establishing financial mechanisms like the New Development Bank (NDB), which has approved 139 projects totaling around $43 billion up to the end of 2025. These initiatives aim to support economic and social development in emerging countries.
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Food security is also a major priority for BRICS, which together represent approximately 42% of global agricultural land and cereal production. Agriculture ministers have called for developing more climate-resilient agriculture and establishing tools like a future grain exchange to stabilize supplies.
Finally, the group intends to exert greater influence on international governance, particularly in the field of artificial intelligence. A statement adopted at the summit advocates for increased participation of developing countries in the creation and adherence to global digital standards.
Economic Goals
BRICS has established various financial mechanisms to support economic development, including the New Development Bank (NDB), which has approved 139 projects with a total estimated value of around $43 billion.
Food Security
The BRICS countries have highlighted the importance of food security, collectively representing about 42% of global agricultural land and cereal production. They aim to develop more climate-resilient agriculture.
International Governance
BRICS has adopted a statement calling for increased participation of developing countries in the formulation and adherence to global digital standards, particularly concerning artificial intelligence.
Reporting by Rezo Nòdwès
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