Dilma Rousseff, President of the New Development Bank (NDB), reaffirmed that approximately 25 per cent of the bank’s lending portfolio is already denominated in local currencies of the BRICS countries, a figure set to rise to 30 per cent in 2026. This is reported by the official website of Brazil’s government. She stressed that using local currency lending reduces foreign‑exchange risk and better supports long‑term sustainable infrastructure and energy projects for emerging economies. Rousseff also reported that 40 per cent…

At the BRICS trade forum held in Brazil, Chairman of the Nigeria’s House Committee on Foreign Affairs, Wole Oke, stressed that deepening cooperation between BRICS countries is crucial for economic stability, especially for developing countries, reports PUNCH Newspaper. “Strengthening BRICS trade is no longer optional, it is a necessity. We must trade more with each other, invest in one another, and build a trade ecosystem that puts our people first,” he said He stressed the importance of digital innovation, the…

The creation of a digital map of all special economic zones (SEZs) of the BRICS+ countries may simplify investors’ access to information on territories with preferential business regimes and conditions of business location. This was announced by Nikita Kondratyev, Director of the Department of Multilateral Economic Cooperation and Special Projects of the Ministry of Economic Development of the Russian Federation, at the XVI International Economic Forum “Russia – Islamic World: KazanForum”. He spoke at the session “International Association of BRICS…

An international scientific and practical conference was held at the Peoples’ Friendship University of Russia (RUDN University), gathering experts, scholars, and political scientists to discuss the prospects for economic development in the contemporary context. Special attention was given to the role of BRICS and China as one of the key players in global trade. The President of RUDN, Vladimir Filippov, emphasised the importance of strengthening ties in the process of regionalisation, especially within organisations such as BRICS and the Shanghai Cooperation…

The Head of the New Development Bank (NDB) Dilma Rousseff confirmed her re-election as President. This is reported by O Globo newspaper. “The council nominated my candidature and unanimously approved it,” she said at an event in Beijing. Rousseff has led the NDB since 2023. She had earlier outlined several key areas of focus for the bank in the coming years. Among them are sustainable development as well as expanding its operations in the Global South. In addition, the NDB…

The main forum of the three-day 2025 Global South Financiers Forum kicked off here Thursday, gathering experts, industry leaders and government officials from the financial sector across the world. Financiers at the forum shared insights on the economic and financial development of the Global South, and expressed confidence in a promising prospect for South-South cooperation and the development of the Global South. “Global South has achieved a great significance in the global economic system,” said Inayat Hussain, executive director of…

This article was provided by Duane Dizon, expert on Strategic and Crisis Communications of International Digital Economies Association (iDEA). Membership in BRICS provides Indonesia with more diversified sources of loans, including access to the New Development Bank (NDB), which offers funding to accelerate infrastructure and energy projects that support its ambitious growth targets. BRICS membership also helps Indonesia expand trade, creating opportunities to boost exports and attract foreign direct investment (FDI). Additionally, Indonesia’s high Incremental Capital Output Ratio (ICOR) could…

Fulufhelo Netswera is the Executive Dean of the Faculty of Management Sciences at Durban University of Technology (DUT). He is a South African scholar and the head of the BRICS Research Institute. Fulufhelo Netswera is the author of numerous publications dedicated to the key aspects of BRICS development. In his works, Professor emphasises the importance of cooperation between BRICS members, especially in the field of environment, finance, and food security. Being the Head of the BRICS Research Institute, could you…

First Deputy Foreign Minister of Belarus Sergey Lukashevich met with President of the New Development Bank (NDB) Dilma Rousseff. This is reported by BelTA, a partner of TV BRICS, with reference to the press service of the country’s Ministry of Foreign Affairs. The meeting was held at the NDB headquarters in Shanghai. The Belarusian delegation included representatives of the Ministry of Finance. It is noted that the parties discussed the development of financial mechanisms in BRICS, as well as the prospects…

The BRICS nations are constructing a fresh model for cross-border e-commerce. Through initiatives like the BRICS Pay System and a proposed independent financial infrastructure, BRICS is moving beyond merely participating in the global economy. BRICS Pay: secure, cost-effective solution for global digital tradeThe 14th BRICS Trade Ministers Meeting in July 2024 affirmed this direction, recognising that “E-commerce has become one of the most important drivers of global economic growth.” With the aim to expand its presence in global e-commerce through…