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BRICS 2026 calls for bigger emerging-market voice in IMF, World Bank; criticises unilateral tariffs

BRICS backed local-currency trade and cross-border payment work while urging IMF and World Bank quota, voting and leadership reforms.

BRICS finance leaders urged greater emerging market representation in global financial institutions. They also advocated for increased local currency use in trade and investment activities. The bloc criticized unilateral tariffs and trade measures, supporting a rules-based multilateral trading system. Work continues on cross-border payment systems and strengthening the New Development Bank's role. BRICS members also discussed cooperation on arti…

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The BRICS, the bloc of emerging countries comprising Brazil, Russia, India, China, South Africa and other more recent members, has issued a joint statement in [...]

·Madrid, Spain
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The Print broke the news in New Delhi, India on Friday, September 11, 2026.
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