BRICS Summit in New Delhi to Enhance Global South Cooperation
Since its formal launch in 2006, BRICS has expanded significantly, reflecting the aspirations of the Global South. As leaders prepare for the summit in New Delhi, BRICS is increasingly amplifying the collective voice of emerging economies amidst global economic challenges.
BRICS countries now account for approximately 40% of global GDP at purchasing power parity and nearly half of the world's population. Intra-BRICS merchandise trade has grown over 13-fold since 2003, with exports reaching 1.17 trillion U.S. dollars in 2024.
The New Development Bank (NDB), based in Shanghai, has approved 42.9 billion dollars in financing for 140 projects by the end of Q1 2026, focusing on infrastructure, clean energy, and digital transformation. The theme of the upcoming summit is “Building for Resilience, Innovation, Cooperation and Sustainability.” BRICS cooperation is also expanding into renewable energy and technological innovation, exemplified by the establishment of the BRICS Partnership on New Industrial Revolution Innovation Center in Xiamen in 2020.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
Read full article
Continue on Blueprint
Enjoy this article?
Get the weekly Nigerian roundup — top stories, NPFL, naira. One email, Sunday morning.
Related Stories
BRICS Adopts New Delhi Declaration on Trade and Conflict
China to Lead BRICS Presidency in 2027, Says Xi Jinping
Xi Jinping Calls for BRICS to Lead Innovation at Summit
Nigeria Strengthens Ties at BRICS Summit in India
BRICS Leaders Agree on Joint Declaration Amid Tensions
Tinubu Advocates for BRICS Cooperation on AI and Investment
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
