The Growing Influence Of BRICS
Summary
The 18th BRICS Summit in New Delhi ended with a 140-point declaration and fresh expansion of the bloc, underscoring its growing role in global politics, finance and diplomacy. The article also outlines how BRICS could matter for Nepal through investment, trade, and regional connectivity.
Key Points
- The 18th BRICS Summit in New Delhi issued a 140-point declaration and highlighted the bloc’s growing influence in global politics and economics.
- BRICS has expanded to include eleven member states, with major oil producers and large emerging economies increasing its geopolitical and energy significance.
- The article argues that BRICS could benefit Nepal through investment, infrastructure finance, local-currency trade and improved regional connectivity.
- Despite its rise, BRICS still faces internal disagreements over key geopolitical issues, limiting its ability to replace Western-led institutions.
