BRICS Hope For Global South
Summary
The 18th BRICS summit in Delhi highlighted growing cooperation among emerging economies and called for a more multipolar global order. It also advanced discussions on local-currency trade settlement while carefully avoiding divisive conflicts such as Ukraine and West Asia.
Key Points
- The 18th BRICS summit in Delhi brought together 11 emerging economies and aimed to strengthen consensus among Global South countries.
- Indian Prime Minister Narendra Modi played a key moderating role, easing tensions among member states and toning down anti-West rhetoric.
- The summit backed local-currency trade settlement as part of efforts toward an alternative financial architecture to the dollar-dominated system.
- A consensus declaration called for peace in Eastern Europe, a ceasefire and two-state solution on Palestine, and negotiated peace in Iran.
